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 dated Thursday, February 6th. The stock was 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 of the company’s stock, valued at $241,720.03. The trade was a 84.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 Price Performance

Shares of NASDAQ SPT opened at $31.58 on Monday. The business has a fifty day moving average price of $32.50 and a two-hundred day moving average price of $30.92. The stock has a market capitalization of $1.81 billion, a PE ratio of -26.32 and a beta of 1.06. 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 fifty-two week low of $25.05 and a fifty-two week high of $68.41.

Sprout Social (NASDAQ:SPT) last posted 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 company had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. As a group, equities analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprout Social

Hedge funds have recently bought and sold shares of the company. Diversified Trust Co boosted its position in shares of 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 in the last quarter. Truist Financial Corp lifted its stake in Sprout Social by 6.1% during 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 last quarter. Quarry LP boosted its holdings in shares of Sprout Social by 100.9% in the 3rd quarter. Quarry LP now owns 1,573 shares of the company’s stock valued at $46,000 after purchasing an additional 790 shares in the last quarter. Assetmark Inc. increased its stake in shares of Sprout Social by 27.5% in 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 last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Sprout Social by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock worth $576,000 after buying an additional 1,034 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective 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, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Sprout Social in a report on Wednesday, January 15th. Oppenheimer lowered their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. Jefferies Financial Group boosted their price objective on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Scotiabank initiated coverage on Sprout Social in a research report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. One investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.58.

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.