Nisa Investment Advisors LLC Has $31,000 Stake in Sprout Social, Inc. (NASDAQ:SPT)

Nisa Investment Advisors LLC cut its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 66.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 507 shares of the company’s stock after selling 988 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sprout Social were worth $31,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Natixis Advisors L.P. increased its holdings in shares of Sprout Social by 43.7% during the third quarter. Natixis Advisors L.P. now owns 61,300 shares of the company’s stock worth $3,058,000 after purchasing an additional 18,644 shares during the period. Baillie Gifford & Co. raised its holdings in Sprout Social by 244.1% in the 3rd 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 in the last quarter. Corton Capital Inc. lifted its position in shares of Sprout Social by 16.6% during the 3rd quarter. Corton Capital Inc. now owns 6,899 shares of the company’s stock valued at $344,000 after acquiring an additional 983 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sprout Social by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company’s stock worth $253,609,000 after purchasing an additional 191,471 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Sprout Social by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 399,443 shares of the company’s stock worth $19,924,000 after purchasing an additional 7,945 shares during the period.

Insider Buying and Selling at Sprout Social

In related news, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $56.52, for a total transaction of $1,130,400.00. Following the transaction, the chief executive officer now owns 406,636 shares of the company’s stock, valued at $22,983,066.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Justyn Russell Howard sold 20,000 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $56.52, for a total transaction of $1,130,400.00. Following the transaction, the chief executive officer now directly owns 406,636 shares in the company, valued at $22,983,066.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $56.95, for a total transaction of $318,920.00. Following the completion of the sale, the president now directly owns 198,175 shares of the company’s stock, valued at $11,286,066.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,200 shares of company stock worth $8,171,958. Insiders own 11.93% of the company’s stock.

Sprout Social Stock Up 0.6 %

Shares of NASDAQ SPT opened at $51.29 on Tuesday. Sprout Social, Inc. has a 12-month low of $37.00 and a 12-month high of $68.41. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.89 billion, a PE ratio of -42.74 and a beta of 1.05. The company’s fifty day simple moving average is $58.76 and its 200 day simple moving average is $56.90.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPT. KeyCorp assumed coverage on shares of Sprout Social in a research report on Thursday, March 21st. They set an “overweight” rating and a $83.00 price objective for the company. Barclays dropped their price objective on shares of Sprout Social from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Stifel Nicolaus raised their price objective on Sprout Social from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 19th. Oppenheimer initiated coverage on shares of Sprout Social in a report on Thursday, April 18th. They set an “outperform” rating and a $76.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.57.

Sprout Social 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.