Preto Joseph Del Sells 1,500 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) CFO Preto Joseph Del sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $32.39, for a total value of $48,585.00. Following the completion of the transaction, the chief financial officer now directly owns 169,644 shares in the company, valued at $5,494,769.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Preto Joseph Del also recently made the following trade(s):

  • On Monday, May 6th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The stock was sold at an average price of $28.51, for a total value of $42,765.00.
  • On Monday, April 1st, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $59.63, for a total value of $89,445.00.

Sprout Social Stock Up 1.5 %

Shares of SPT stock opened at $34.44 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. Sprout Social, Inc. has a twelve month low of $25.68 and a twelve month high of $68.41. The stock has a fifty day simple moving average of $42.41 and a two-hundred day simple moving average of $53.97.

Sprout Social (NASDAQ:SPTGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.10. Sprout Social had a negative net margin of 19.64% and a negative return on equity of 42.51%. The company had revenue of $96.78 million during the quarter, compared to analyst estimates of $97.29 million. On average, research analysts expect that Sprout Social, Inc. will post -0.84 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Sprout Social from a “buy” rating to a “neutral” rating and cut their target price for the company from $80.00 to $44.00 in a report on Friday, May 3rd. Canaccord Genuity Group dropped their target price on Sprout Social from $70.00 to $50.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Barclays lowered their price target on Sprout Social from $72.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Oppenheimer cut their price objective on shares of Sprout Social from $76.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Finally, KeyCorp cut shares of Sprout Social from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 3rd. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.07.

View Our Latest Stock Analysis on SPT

Institutional Trading of Sprout Social

Hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. increased 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 acquiring an additional 3,124,376 shares during the period. Wellington Management Group LLP raised its holdings in 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 purchasing an additional 853,127 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of 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 last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Sprout Social in the 1st quarter valued at about $22,332,000. Finally, Jennison Associates LLC grew its position 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 worth $127,625,000 after buying an additional 311,146 shares during the last quarter.

Sprout Social Company Profile

(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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