Sprout Social, Inc. (NASDAQ:SPT) Insider Justyn Russell Howard Sells 40,000 Shares

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $32.59, for a total value of $1,303,600.00. Following the transaction, the insider now owns 7,417 shares in the company, valued at $241,720.03. This represents a 84.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Justyn Russell Howard also recently made the following trade(s):

• On Wednesday, January 15th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00.

Sprout Social Stock Down 3.1 %

Shares of SPT stock opened at $31.58 on Friday. The stock’s 50 day simple moving average is $32.50 and its 200 day simple moving average is $31.02. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $68.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $102.64 million during the quarter, compared to the consensus estimate of $102.04 million. As a group, equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Ratings Changes

SPT has been the subject of a number of research analyst reports. Scotiabank initiated coverage on shares of Sprout Social in a research report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price target for the company. Oppenheimer cut their target price on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, December 3rd. Jefferies Financial Group boosted their price target on shares of Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Piper Sandler cut their price objective on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Finally, Barclays lowered their target price on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Trust Co lifted its position in Sprout Social by 3.8% during the 3rd quarter. Diversified Trust Co now owns 15,770 shares of the company’s stock worth $458,000 after acquiring an additional 571 shares during the last quarter. Truist Financial Corp increased its stake in shares of Sprout Social by 6.1% in the second quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock worth $402,000 after purchasing an additional 646 shares during the period. Quarry LP lifted 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. Assetmark Inc. boosted its stake in Sprout Social by 27.5% during the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after purchasing an additional 801 shares during the period. Finally, Franklin Resources Inc. grew 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 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.