Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto Sells 15,586 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) President Ryan Paul Barretto sold 15,586 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total transaction of $500,934.04. Following the transaction, the president now directly owns 484,115 shares in the company, valued at approximately $15,559,456.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Paul Barretto also recently made the following trade(s):

  • On Thursday, April 4th, Ryan Paul Barretto sold 5,600 shares of Sprout Social stock. The shares were sold at an average price of $56.95, for a total transaction of $318,920.00.

Sprout Social Stock Up 4.1 %

Shares of SPT stock opened at $33.92 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. Sprout Social, Inc. has a 1-year low of $25.68 and a 1-year high of $68.41. The firm has a fifty day moving average of $42.92 and a two-hundred day moving average of $54.11.

Sprout Social (NASDAQ:SPTGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.10. The company had revenue of $96.78 million during the quarter, compared to analyst estimates of $97.29 million. Sprout Social had a negative net margin of 19.64% and a negative return on equity of 42.51%. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Sprout Social by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 5,164,431 shares of the company’s stock worth $308,368,000 after acquiring an additional 93,712 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of 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 buying 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 3rd quarter. Wellington Management Group LLP now owns 3,953,155 shares of the company’s stock valued at $197,183,000 after buying an additional 853,127 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Sprout Social by 2.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,593,907 shares of the company’s stock valued at $154,882,000 after buying an additional 61,568 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Sprout Social by 17.0% in the 1st quarter. Jennison Associates LLC now owns 2,137,422 shares of the company’s stock valued at $127,625,000 after buying an additional 311,146 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPT shares. Robert W. Baird downgraded shares of Sprout Social from an “outperform” rating to a “neutral” rating and cut their target price for the company from $72.00 to $45.00 in a research note on Friday, May 3rd. Cantor Fitzgerald cut their target price on shares of Sprout Social from $74.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Morgan Stanley cut their target price on shares of Sprout Social from $65.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Barclays cut their target price on shares of Sprout Social from $72.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.07.

Get Our Latest Stock Analysis on Sprout Social

About Sprout Social

(Get Free Report)

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.

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

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