Entropy Technologies LP Sells 600 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Entropy Technologies LP decreased its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 6.6% in the 4th quarter, HoldingsChannel reports. The firm owned 8,507 shares of the company’s stock after selling 600 shares during the quarter. Entropy Technologies LP’s holdings in Sprout Social were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SPT. Truist Financial Corp increased its stake in shares of Sprout Social by 6.1% in the 2nd quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock valued at $402,000 after buying an additional 646 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of Sprout Social by 133.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 145,052 shares of the company’s stock valued at $4,217,000 after buying an additional 82,879 shares during the period. Emerald Advisers LLC grew its stake in shares of Sprout Social by 116.0% during the third quarter. Emerald Advisers LLC now owns 263,041 shares of the company’s stock worth $7,647,000 after purchasing an additional 141,252 shares during the period. Impax Asset Management Group plc grew its stake in shares of Sprout Social by 46.6% during the third quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock worth $5,486,000 after purchasing an additional 60,000 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Sprout Social by 20.0% during the third quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock worth $34,868,000 after purchasing an additional 200,190 shares during the period.

Wall Street Analyst Weigh In

SPT has been the subject of a number of analyst 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 research note on Monday, November 11th. Jefferies Financial Group boosted their target price on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Oppenheimer decreased their target price on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 3rd. Morgan Stanley boosted their target price on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a report on Wednesday, January 15th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.58.

Insider Activity

In other news, CEO Ryan Paul Barretto sold 13,465 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total value of $423,474.25. Following the transaction, the chief executive officer now owns 546,343 shares of the company’s stock, valued at approximately $17,182,487.35. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the completion of the transaction, the director now directly owns 35,665 shares in the company, valued at $1,221,169.60. The trade was a 12.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,265 shares of company stock valued at $3,837,006. 10.97% of the stock is owned by insiders.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $31.42 on Friday. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $67.33. The business’s 50 day moving average price is $32.59 and its two-hundred day moving average price is $30.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.80 billion, a PE ratio of -26.18 and a beta of 1.06.

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.