Tudor Investment Corp ET AL Grows Position in Sprout Social, Inc. (NASDAQ:SPT)

Tudor Investment Corp ET AL increased its position in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,660 shares of the company's stock after acquiring an additional 35,556 shares during the period. Tudor Investment Corp ET AL owned approximately 0.35% of Sprout Social worth $6,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SPT. Norges Bank purchased a new stake in Sprout Social during the fourth quarter valued at about $13,422,000. JPMorgan Chase & Co. increased its position in shares of Sprout Social by 324.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company's stock valued at $11,714,000 after purchasing an additional 307,906 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Sprout Social by 20.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company's stock valued at $34,868,000 after buying an additional 200,190 shares in the last quarter. First Trust Advisors LP lifted its position in Sprout Social by 24.4% in the 4th quarter. First Trust Advisors LP now owns 834,093 shares of the company's stock worth $25,615,000 after buying an additional 163,788 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Sprout Social by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 5,886,167 shares of the company's stock worth $180,764,000 after buying an additional 141,141 shares in the last quarter.

Insider Activity

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the completion of the transaction, the insider now owns 7,417 shares in the company, valued at approximately $241,720.03. The trade was a 84.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $19.42, for a total value of $97,100.00. Following the transaction, the director now owns 25,665 shares of the company's stock, valued at $498,414.30. The trade was a 16.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,446 shares of company stock worth $3,115,839. Corporate insiders own 10.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Needham & Company LLC lowered their price target on shares of Sprout Social from $55.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley reduced their price objective 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. Scotiabank lowered their target price on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Finally, Jefferies Financial Group raised their price target on Sprout Social from $34.00 to $42.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Sprout Social presently has a consensus rating of "Hold" and a consensus price target of $32.15.

Sprout Social Trading Down 0.8 %

Sprout Social stock traded down $0.17 during mid-day trading on Tuesday, reaching $20.97. 202,769 shares of the company traded hands, compared to its average volume of 692,717. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. Sprout Social, Inc. has a 52-week low of $18.52 and a 52-week high of $39.75. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -17.47 and a beta of 1.20. The firm's 50 day moving average price is $22.41 and its 200 day moving average price is $28.03.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). The company had revenue of $107.09 million during the quarter, compared to the consensus estimate of $106.74 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. On average, analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

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.