DekaBank Deutsche Girozentrale Raises Stock Holdings in Sprout Social, Inc. (NASDAQ:SPT)

DekaBank Deutsche Girozentrale grew its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 169.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,434 shares of the company’s stock after acquiring an additional 1,530 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sprout Social were worth $150,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPT. Baillie Gifford & Co. lifted its holdings in Sprout Social by 244.1% in the third quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company’s stock valued at $219,692,000 after acquiring an additional 3,124,376 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Sprout Social by 27.5% in the third quarter. Wellington Management Group LLP now owns 3,953,155 shares of the company’s stock worth $197,183,000 after buying an additional 853,127 shares during the last quarter. Fred Alger Management LLC grew its position in Sprout Social by 334.1% during the third quarter. Fred Alger Management LLC now owns 667,462 shares of the company’s stock valued at $33,293,000 after buying an additional 513,687 shares during the period. Macquarie Group Ltd. increased its holdings in Sprout Social by 15.0% during the second quarter. Macquarie Group Ltd. now owns 2,779,197 shares of the company’s stock valued at $161,388,000 after buying an additional 363,381 shares during the last quarter. Finally, Morgan Stanley raised its position in Sprout Social by 78.0% in the fourth quarter. Morgan Stanley now owns 684,068 shares of the company’s stock worth $38,622,000 after acquiring an additional 299,727 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $74.00 price objective on shares of Sprout Social in a research note on Wednesday, February 21st. Barclays lowered their price objective on Sprout Social from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 21st. Stifel Nicolaus increased their target price on shares of Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Sprout Social in a report on Tuesday. Finally, KeyCorp started coverage on shares of Sprout Social in a research note on Thursday, March 21st. They issued an “overweight” rating and a $83.00 price objective for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.54.

Insider Transactions at Sprout Social

In related news, CFO Preto Joseph Del sold 1,500 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.71, for a total value of $89,565.00. Following the completion of the transaction, the chief financial officer now directly owns 127,322 shares of the company’s stock, valued at $7,602,396.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Preto Joseph Del sold 1,500 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $59.71, for a total value of $89,565.00. Following the completion of the transaction, the chief financial officer now owns 127,322 shares of the company’s stock, valued at approximately $7,602,396.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.60, for a total value of $2,622,400.00. Following the completion of the transaction, the director now owns 40,888 shares of the company’s stock, valued at approximately $2,436,924.80. The disclosure for this sale can be found here. Insiders have sold 140,200 shares of company stock valued at $8,171,958 in the last ninety days. Corporate insiders own 11.93% of the company’s stock.

Sprout Social Stock Performance

SPT opened at $52.95 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -44.12 and a beta of 1.05. The company has a fifty day moving average of $59.72 and a 200 day moving average of $56.80. Sprout Social, Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $68.41.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The firm had revenue of $93.58 million for the quarter, compared to analysts’ expectations of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. As a group, sell-side analysts forecast that Sprout Social, Inc. will post -1.17 earnings per share for the current fiscal year.

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.