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 stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $19.90, for a total transaction of $334,320.00. Following the completion of the transaction, the chief executive officer now owns 136,575 shares in the company, valued at approximately $2,717,842.50. This trade represents a 10.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sprout Social Price Performance

SPT traded down $0.28 on Monday, hitting $19.94. 1,267,676 shares of the company’s stock were exchanged, compared to its average volume of 746,710. The firm has a 50-day moving average price of $27.62 and a 200-day moving average price of $29.39. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -16.62 and a beta of 1.11. 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 fifty-two week low of $18.85 and a fifty-two week high of $59.04.

Sprout Social (NASDAQ:SPT) last issued its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $107.09 million for the quarter, compared to analyst estimates of $106.74 million. As a group, equities analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPT shares. Barclays cut their price objective on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group decreased their price objective on Sprout Social from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Morgan Stanley dropped their target price on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Piper Sandler decreased their price target on Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Needham & Company LLC dropped their price objective on shares of Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.85.

Hedge Funds Weigh In On Sprout Social

A number of institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of Sprout Social by 0.4% during the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company’s stock valued at $2,553,000 after buying an additional 351 shares during the period. Invesco Ltd. lifted its stake in shares of Sprout Social by 1.8% in the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company’s stock valued at $702,000 after purchasing an additional 397 shares during the last quarter. Quarry LP increased its position in shares of Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after purchasing an additional 790 shares during the last quarter. Franklin Resources Inc. raised its holdings in Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock valued at $576,000 after buying an additional 1,034 shares during the period. Finally, Sei Investments Co. lifted its position in Sprout Social by 3.0% in the fourth quarter. Sei Investments Co. now owns 35,893 shares of the company’s stock valued at $1,102,000 after buying an additional 1,038 shares during the last quarter.

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.