Wipfli Financial Advisors LLC Takes $28,000 Position in Sprout Social, Inc. (NASDAQ:SPT)

Wipfli Financial Advisors LLC purchased a new stake in Sprout Social, Inc. (NASDAQ:SPT – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 461 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors also recently made changes to their positions in SPT. Raymond James & Associates lifted its stake in shares of Sprout Social by 5.9% in the 1st quarter. Raymond James & Associates now owns 25,822 shares of the company’s stock valued at $2,069,000 after purchasing an additional 1,428 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sprout Social by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 434,219 shares of the company’s stock valued at $34,789,000 after purchasing an additional 13,742 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Sprout Social by 105.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,668 shares of the company’s stock valued at $213,000 after buying an additional 1,372 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Sprout Social by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 24,479 shares of the company’s stock valued at $1,961,000 after buying an additional 8,816 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Sprout Social by 2.8% in the 1st quarter. Rhumbline Advisers now owns 46,537 shares of the company’s stock valued at $3,729,000 after buying an additional 1,257 shares in the last quarter. Institutional investors and hedge funds own 86.34% of the company’s stock.

Insider Transactions at Sprout Social

In other news, President Ryan Paul Barretto sold 5,600 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $50.18, for a total transaction of $281,008.00. Following the completion of the transaction, the president now directly owns 293,375 shares in the company, valued at approximately $14,721,557.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CTO Aaron Edward Frederick Rankin sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $55.00, for a total value of $247,500.00. Following the completion of the sale, the chief technology officer now directly owns 31,115 shares in the company, valued at approximately $1,711,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $50.18, for a total transaction of $281,008.00. Following the completion of the sale, the president now owns 293,375 shares of the company’s stock, valued at $14,721,557.50. The disclosure for this sale can be found here. Insiders sold a total of 88,676 shares of company stock worth $5,269,330 in the last three months. Insiders own 13.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Robert W. Baird upped their price objective on shares of Sprout Social from $64.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. Barclays lowered their price objective on shares of Sprout Social from $70.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Cantor Fitzgerald lowered their price objective on shares of Sprout Social from $79.00 to $62.00 in a research report on Friday, November 4th. KeyCorp upped their price objective on shares of Sprout Social from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on Sprout Social from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.11.

Sprout Social Trading Up 2.2 %

SPT stock opened at $60.07 on Friday. The stock has a 50-day moving average price of $58.77 and a two-hundred day moving average price of $59.13. Sprout Social, Inc. has a 1 year low of $38.39 and a 1 year high of $85.99. The stock has a market cap of $3.29 billion, a PE ratio of -68.26 and a beta of 0.88.

Sprout Social (NASDAQ:SPT – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.01). Sprout Social had a negative return on equity of 33.90% and a negative net margin of 20.30%. The business had revenue of $65.31 million for the quarter, compared to analyst estimates of $64.99 million. On average, analysts forecast that Sprout Social, Inc. will post -0.94 earnings per share for the current fiscal year.

Sprout Social Profile

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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.