Aaron Edward Frederick Rankin Sells 4,500 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT – Get Rating) CTO Aaron Edward Frederick Rankin sold 4,500 shares of the company’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $55.49, for a total transaction of $249,705.00. Following the completion of the transaction, the chief technology officer now owns 28,559 shares of the company’s stock, valued at $1,584,738.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Aaron Edward Frederick Rankin also recently made the following trade(s):

• On Thursday, March 2nd, Aaron Edward Frederick Rankin sold 2,556 shares of Sprout Social stock. The stock was sold at an average price of $61.39, for a total transaction of $156,912.84.
• On Wednesday, January 11th, Aaron Edward Frederick Rankin sold 4,500 shares of Sprout Social stock. The stock was sold at an average price of $55.00, for a total transaction of $247,500.00.

Sprout Social Stock Down 1.0 %

Shares of NASDAQ:SPT opened at $60.04 on Friday. The company has a 50-day moving average price of $61.50 and a 200-day moving average price of $60.04. Sprout Social, Inc. has a 12 month low of $38.39 and a 12 month high of $85.99.

Hedge Funds Weigh In On Sprout Social

Hedge funds and other institutional investors have recently modified their holdings of the company. Putnam Investments LLC raised its stake in shares of Sprout Social by 282.5% during the third quarter. Putnam Investments LLC now owns 130,938 shares of the company’s stock valued at $7,945,000 after acquiring an additional 96,707 shares during the last quarter. MML Investors Services LLC raised its stake in Sprout Social by 1.5% in the third quarter. MML Investors Services LLC now owns 10,735 shares of the company’s stock worth $651,000 after buying an additional 162 shares in the last quarter. American Trust raised its stake in Sprout Social by 8.4% in the third quarter. American Trust now owns 14,200 shares of the company’s stock worth $862,000 after buying an additional 1,105 shares in the last quarter. FMR LLC raised its stake in Sprout Social by 40.0% in the second quarter. FMR LLC now owns 1,229,102 shares of the company’s stock worth $71,374,000 after buying an additional 351,372 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in Sprout Social in the third quarter worth about $28,000. 86.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. KeyCorp upped their target price on shares of Sprout Social from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 18th. Cantor Fitzgerald downgraded shares of Sprout Social from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $62.00 to $53.00 in a research note on Monday, February 13th. Piper Sandler boosted their price target on shares of Sprout Social from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. Barclays boosted their price target on shares of Sprout Social from $63.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Sprout Social from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Sprout Social Company 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.