Ryan Paul Barretto Sells 16,800 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.99, for a total value of $520,632.00. Following the transaction, the chief executive officer now owns 153,375 shares of the company’s stock, valued at $4,753,091.25. This represents a 9.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, December 3rd, Ryan Paul Barretto sold 13,465 shares of Sprout Social stock. The shares were sold at an average price of $31.45, for a total value of $423,474.25.
• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The stock was sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Stock Performance

Shares of SPT opened at $30.71 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50 day moving average is $30.65 and its 200-day moving average is $31.50. Sprout Social, Inc. has a 12-month low of $25.05 and a 12-month high of $68.41. The stock has a market capitalization of $1.76 billion, a P/E ratio of -25.59 and a beta of 1.03.

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

Institutional Investors Weigh In On Sprout Social

Institutional investors and hedge funds have recently modified their holdings of the stock. Dorsey Asset Management LLC purchased a new position in Sprout Social in the 2nd quarter worth about $61,583,000. Wellington Management Group LLP increased its position in shares of Sprout Social by 16.0% in the third quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company’s stock worth $109,374,000 after acquiring an additional 519,406 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of Sprout Social in the third quarter worth approximately $10,717,000. Millennium Management LLC raised its holdings in shares of Sprout Social by 9,779.5% during the second quarter. Millennium Management LLC now owns 331,260 shares of the company’s stock valued at $11,819,000 after acquiring an additional 327,907 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Sprout Social by 324.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock valued at $11,714,000 after acquiring an additional 307,906 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on SPT. Piper Sandler decreased their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Oppenheimer decreased their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday, November 8th. Barclays lowered their price target on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Scotiabank started coverage on shares of Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Sprout Social has a consensus rating of “Hold” and an average target price of $45.46.

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.