Sprout Social, Inc. (NASDAQ:SPT) CFO Sells $54,990.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.66, for a total transaction of $54,990.00. Following the completion of the transaction, the chief financial officer now directly owns 165,624 shares of the company’s stock, valued at approximately $6,071,775.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Preto Joseph Del also recently made the following trade(s):

• On Monday, June 3rd, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The stock was sold at an average price of $32.39, for a total transaction of $48,585.00.
• On Monday, May 6th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $28.51, for a total value of $42,765.00.

Sprout Social Trading Down 0.7 %

NASDAQ SPT opened at $36.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. Sprout Social, Inc. has a 52 week low of $25.68 and a 52 week high of $68.41. The company has a 50-day moving average price of $34.18 and a 200-day moving average price of $50.90.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.10. The firm had revenue of $96.78 million for the quarter, compared to the consensus estimate of $97.29 million. Sprout Social had a negative return on equity of 42.51% and a negative net margin of 19.64%. As a group, analysts predict that Sprout Social, Inc. will post -0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPT shares. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Sprout Social in a report on Friday, June 7th. KeyCorp cut Sprout Social from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 3rd. Canaccord Genuity Group cut their price target on shares of Sprout Social from $70.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Barclays lowered their price objective on Sprout Social from $72.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Oppenheimer decreased their price target on Sprout Social from $76.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPT. Moody National Bank Trust Division lifted its holdings in Sprout Social by 37.6% in the 2nd quarter. Moody National Bank Trust Division now owns 103,185 shares of the company’s stock worth $3,682,000 after purchasing an additional 28,173 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Sprout Social by 0.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 94,860 shares of the company’s stock valued at $5,664,000 after buying an additional 813 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Sprout Social in the first quarter worth $22,332,000. Bwcp LP boosted its position in shares of Sprout Social by 42.7% during the first quarter. Bwcp LP now owns 290,749 shares of the company’s stock worth $17,361,000 after acquiring an additional 87,052 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC grew its stake in Sprout Social by 26.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 221,585 shares of the company’s stock valued at $13,231,000 after acquiring an additional 46,680 shares in the last quarter.

About Sprout Social

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.