Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del Sells 900 Shares

Sprout Social, Inc. (NASDAQ:SPTGet Rating) CFO Preto Joseph Del sold 900 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $47.64, for a total transaction of $42,876.00. Following the sale, the chief financial officer now owns 133,244 shares of the company’s stock, valued at $6,347,744.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Preto Joseph Del also recently made the following trade(s):

  • On Tuesday, April 19th, Preto Joseph Del sold 900 shares of Sprout Social stock. The stock was sold at an average price of $70.49, for a total transaction of $63,441.00.
  • On Monday, April 4th, Preto Joseph Del sold 439 shares of Sprout Social stock. The stock was sold at an average price of $83.07, for a total transaction of $36,467.73.
  • On Tuesday, March 22nd, Preto Joseph Del sold 900 shares of Sprout Social stock. The stock was sold at an average price of $75.52, for a total transaction of $67,968.00.
  • On Thursday, February 17th, Preto Joseph Del sold 900 shares of Sprout Social stock. The stock was sold at an average price of $66.86, for a total transaction of $60,174.00.

SPT opened at $40.54 on Thursday. The company’s 50-day moving average is $68.27 and its 200 day moving average is $82.47. Sprout Social, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $145.42. The firm has a market capitalization of $2.20 billion, a P/E ratio of -68.71 and a beta of 1.49.

Sprout Social (NASDAQ:SPTGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $57.43 million for the quarter, compared to the consensus estimate of $56.25 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. As a group, analysts predict that Sprout Social, Inc. will post -0.66 earnings per share for the current year.

A number of research firms have commented on SPT. Needham & Company LLC reduced their price target on shares of Sprout Social from $160.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Morgan Stanley reduced their price target on shares of Sprout Social from $110.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 23rd. Barclays reduced their price target on shares of Sprout Social from $91.00 to $79.00 in a report on Wednesday, May 4th. Stifel Nicolaus reduced their price target on shares of Sprout Social from $155.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Finally, Robert W. Baird dropped their price objective on shares of Sprout Social from $165.00 to $110.00 in a research note on Wednesday, February 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $103.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Sprout Social by 1.2% during the fourth quarter. BlackRock Inc. now owns 3,738,364 shares of the company’s stock valued at $339,033,000 after purchasing an additional 45,923 shares in the last quarter. Invesco Ltd. raised its position in Sprout Social by 6.6% in the fourth quarter. Invesco Ltd. now owns 1,786,931 shares of the company’s stock worth $162,057,000 after acquiring an additional 110,733 shares during the period. Macquarie Group Ltd. raised its position in Sprout Social by 32.5% in the third quarter. Macquarie Group Ltd. now owns 1,422,502 shares of the company’s stock worth $173,474,000 after acquiring an additional 349,124 shares during the period. Zevenbergen Capital Investments LLC raised its position in Sprout Social by 10.4% in the third quarter. Zevenbergen Capital Investments LLC now owns 1,258,605 shares of the company’s stock worth $153,487,000 after acquiring an additional 118,126 shares during the period. Finally, State Street Corp raised its position in Sprout Social by 2.8% in the fourth quarter. State Street Corp now owns 902,267 shares of the company’s stock worth $81,827,000 after acquiring an additional 24,972 shares during the period. 83.30% of the stock is currently owned by institutional investors.

About Sprout Social (Get Rating)

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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.

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Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

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