Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) CFO Sells 1,500 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $29.81, for a total value of $44,715.00. Following the completion of the sale, the chief financial officer now owns 162,624 shares in the company, valued at $4,847,821.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 5th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $31.02, for a total transaction of $46,530.00.
• On Monday, July 1st, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $36.66, for a total transaction of $54,990.00.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $27.08 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $34.07 and its 200 day simple moving average is $41.78. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -21.66 and a beta of 0.98. Sprout Social, Inc. has a fifty-two week low of $25.68 and a fifty-two week high of $68.41.

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

Analyst Ratings Changes

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

Institutional Trading of Sprout Social

Institutional investors and hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI increased its position in shares of Sprout Social by 36.7% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,047 shares of the company’s stock valued at $64,000 after acquiring an additional 281 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Sprout Social during the 1st quarter valued at $27,000. Arizona State Retirement System raised its stake in shares of Sprout Social by 3.9% during the 2nd 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. Lazard Asset Management LLC boosted its holdings in shares of Sprout Social by 49.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,863 shares of the company’s stock worth $111,000 after buying an additional 613 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Sprout Social during the first quarter valued at about $37,000.

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.