Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker Sells 5,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $30.26, for a total value of $151,300.00. Following the completion of the transaction, the director now directly owns 30,665 shares in the company, valued at approximately $927,922.90. This trade represents a 14.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Karen Walker also recently made the following trade(s):

• On Friday, December 13th, Karen Walker sold 5,000 shares of Sprout Social stock. The stock was sold at an average price of $34.24, for a total value of $171,200.00.

Sprout Social Trading Up 1.1 %

Shares of NASDAQ:SPT opened at $30.72 on Wednesday. The business’s 50-day moving average is $31.47 and its 200 day moving average is $31.35. 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, Inc. has a 1 year low of $25.05 and a 1 year high of $68.41. The firm has a market capitalization of $1.76 billion, a P/E ratio of -25.60 and a beta of 1.03.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data 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). The company had revenue of $102.64 million for the quarter, compared to analyst estimates of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. On average, research analysts predict that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorsey Asset Management LLC acquired a new position in shares of Sprout Social in the 2nd quarter valued at $61,583,000. Wellington Management Group LLP increased its holdings 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 valued at $109,374,000 after purchasing an additional 519,406 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in shares of Sprout Social in the third quarter worth about $10,717,000. Millennium Management LLC lifted 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 worth $11,819,000 after purchasing an additional 327,907 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Sprout Social by 324.0% in the third quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock valued at $11,714,000 after buying an additional 307,906 shares during the last quarter.

Analyst Ratings Changes

SPT has been the subject of several recent research reports. Piper Sandler decreased 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. Morgan Stanley upped their price target on shares of Sprout Social from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday. Barclays cut their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Oppenheimer lowered their target price on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.54.

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.