Sprout Social, Inc. (NASDAQ:SPT) Shares Sold by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd lowered its position in shares of Sprout Social, Inc. (NASDAQ:SPT) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,375 shares of the company’s stock after selling 1,832 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Sprout Social were worth $43,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Sprout Social by 2.8% during the second quarter. Rhumbline Advisers now owns 71,399 shares of the company’s stock worth $2,548,000 after purchasing an additional 1,911 shares during the period. Arizona State Retirement System raised its stake in Sprout Social by 3.9% during the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock worth $497,000 after purchasing an additional 529 shares during the period. Renaissance Technologies LLC purchased a new position in Sprout Social during the second quarter worth approximately $1,959,000. Edgestream Partners L.P. purchased a new position in Sprout Social during the second quarter worth approximately $969,000. Finally, Hsbc Holdings PLC raised its stake in Sprout Social by 134.5% during the second quarter. Hsbc Holdings PLC now owns 13,589 shares of the company’s stock worth $472,000 after purchasing an additional 7,793 shares during the period.

Insider Activity

In other Sprout Social news, CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.99, for a total transaction of $520,632.00. Following the completion of the transaction, the chief executive officer now directly owns 153,375 shares of the company’s stock, valued at $4,753,091.25. The trade was a 9.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen Walker sold 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.24, for a total transaction of $171,200.00. Following the transaction, the director now directly owns 35,665 shares of the company’s stock, valued at $1,221,169.60. The trade was a 12.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 35,265 shares of company stock valued at $1,115,306. Company insiders own 10.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer cut their target price on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. Scotiabank assumed coverage on shares of Sprout Social in a research note on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. Barclays cut their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Piper Sandler cut their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.46.

Sprout Social Stock Down 1.2 %

SPT stock traded down $0.36 during mid-day trading on Monday, hitting $30.14. 111,115 shares of the company were exchanged, compared to its average volume of 410,794. The company has a market capitalization of $1.73 billion, a PE ratio of -25.12 and a beta of 1.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $68.41. The firm has a fifty day simple moving average of $31.35 and a 200 day simple moving average of $31.41.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. On average, research analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

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.