Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto Sells 13,306 Shares

Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto sold 13,306 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total transaction of $388,934.38. Following the sale, the president now owns 470,809 shares in the company, valued at approximately $13,761,747.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ryan Paul Barretto also recently made the following trade(s):

• On Monday, July 8th, Ryan Paul Barretto sold 11,200 shares of Sprout Social stock. The shares were sold at an average price of $36.10, for a total transaction of $404,320.00.

Sprout Social Price Performance

SPT stock opened at $28.29 on Friday. Sprout Social, Inc. has a 52 week low of $25.68 and a 52 week high of $68.41. The firm has a market capitalization of $1.61 billion, a P/E ratio of -22.63 and a beta of 0.98. The company has a fifty day simple moving average of $34.24 and a two-hundred day simple moving average of $42.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Sprout Social had a negative return on equity of 44.38% and a negative net margin of 19.60%. The company had revenue of $99.40 million during the quarter, compared to analyst estimates of $98.70 million. During the same quarter last year, the business posted ($0.23) earnings per share. The firm’s revenue was up 25.3% on a year-over-year basis. Analysts anticipate that Sprout Social, Inc. will post -0.88 earnings per share for the current fiscal year.

Institutional Trading of Sprout Social

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Sprout Social by 1.8% in the first quarter. Vanguard Group Inc. now owns 5,164,431 shares of the company’s stock worth $308,368,000 after purchasing an additional 93,712 shares during the period. Clearbridge Investments LLC lifted its holdings in Sprout Social by 3.9% during the 2nd quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company’s stock valued at $96,150,000 after buying an additional 100,890 shares in the last quarter. Jennison Associates LLC boosted its position in Sprout Social by 17.0% in the 1st quarter. Jennison Associates LLC now owns 2,137,422 shares of the company’s stock valued at $127,625,000 after buying an additional 311,146 shares during the period. Wasatch Advisors LP grew its stake in Sprout Social by 2.5% in the 1st quarter. Wasatch Advisors LP now owns 1,765,591 shares of the company’s stock worth $105,423,000 after acquiring an additional 43,262 shares in the last quarter. Finally, Dorsey Asset Management LLC purchased a new position in shares of Sprout Social during the second quarter worth approximately $61,583,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SPT shares. Barclays cut their price target on Sprout Social from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Robert W. Baird increased their target price on Sprout Social from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $46.00 target price on shares of Sprout Social in a research note on Friday, August 2nd. KeyCorp downgraded Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price target for the company. in a research note on Thursday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.31.

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.