Sprout Social, Inc. (NASDAQ:SPT) Director Sells $95,250.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $19.05, for a total value of $95,250.00. Following the transaction, the director directly owned 28,963 shares in the company, valued at approximately $551,745.15. This represents a 14.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sprout Social Stock Up 1.7%

Sprout Social stock traded up $0.31 during mid-day trading on Thursday, reaching $18.94. 880,312 shares of the company were exchanged, compared to its average volume of 609,648. The business has a fifty day moving average of $21.32 and a 200 day moving average of $24.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.10 billion, a P/E ratio of -18.21 and a beta of 1.01. Sprout Social, Inc. has a 12-month low of $18.32 and a 12-month high of $39.75.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. The company had revenue of $109.29 million during the quarter, compared to analyst estimates of $107.63 million. Sprout Social had a negative return on equity of 31.03% and a negative net margin of 14.25%. Sprout Social's revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Research analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPT. Barclays cut their target price on Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Morgan Stanley cut their target price on Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $32.00 target price on shares of Sprout Social in a research note on Wednesday, May 28th. Cantor Fitzgerald reissued a "neutral" rating and issued a $24.00 price objective on shares of Sprout Social in a research note on Tuesday, June 3rd. Finally, Oppenheimer dropped their price objective on Sprout Social from $38.00 to $32.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $30.00.

Institutional Trading of Sprout Social

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its position in shares of Sprout Social by 0.4% in the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company's stock worth $2,553,000 after purchasing an additional 351 shares in the last quarter. Invesco Ltd. boosted its position in shares of Sprout Social by 1.8% in the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company's stock worth $702,000 after purchasing an additional 397 shares in the last quarter. Quarry LP boosted its position in shares of Sprout Social by 85.2% in the 1st quarter. Quarry LP now owns 1,463 shares of the company's stock worth $32,000 after purchasing an additional 673 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sprout Social by 8.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company's stock worth $206,000 after purchasing an additional 747 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Sprout Social by 3.0% in the 4th quarter. Sei Investments Co. now owns 35,893 shares of the company's stock worth $1,102,000 after purchasing an additional 1,038 shares in the last quarter.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.