Fidelis Capital Partners LLC Buys Shares of 459 Sprout Social, Inc. (NASDAQ:SPT)

Fidelis Capital Partners LLC bought a new stake in Sprout Social, Inc. (NASDAQ:SPTFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 459 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors have also recently added to or reduced their stakes in SPT. Arcadia Investment Management Corp MI raised its position in shares of Sprout Social by 36.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,047 shares of the company’s stock valued at $64,000 after purchasing an additional 281 shares during the period. RiverPark Advisors LLC raised its position in shares of Sprout Social by 67.8% in the fourth quarter. RiverPark Advisors LLC now owns 1,247 shares of the company’s stock valued at $77,000 after purchasing an additional 504 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Sprout Social by 169.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,434 shares of the company’s stock valued at $150,000 after purchasing an additional 1,530 shares during the period. Assetmark Inc. raised its position in shares of Sprout Social by 28.9% in the fourth quarter. Assetmark Inc. now owns 2,900 shares of the company’s stock valued at $178,000 after purchasing an additional 650 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in shares of Sprout Social in the fourth quarter valued at approximately $275,000.

Insider Transactions at Sprout Social

In other news, CEO Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $36.13, for a total value of $722,600.00. Following the sale, the chief executive officer now owns 398,229 shares of the company’s stock, valued at approximately $14,388,013.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $36.13, for a total value of $722,600.00. Following the sale, the chief executive officer now owns 398,229 shares of the company’s stock, valued at approximately $14,388,013.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Aaron Edward Frederick Rankin sold 1,184 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total transaction of $38,053.76. Following the completion of the sale, the director now directly owns 43,303 shares in the company, valued at approximately $1,391,758.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,470 shares of company stock valued at $3,063,248. 10.97% of the stock is owned by insiders.

Sprout Social Trading Down 4.1 %

Shares of SPT stock opened at $33.68 on Thursday. Sprout Social, Inc. has a 52-week low of $25.68 and a 52-week high of $68.41. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -26.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a fifty day moving average of $32.93 and a 200-day moving average of $50.02.

Sprout Social (NASDAQ:SPTGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $97.29 million. On average, equities research analysts forecast that Sprout Social, Inc. will post -0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp lowered shares of Sprout Social from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 3rd. The Goldman Sachs Group lowered shares of Sprout Social from a “buy” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $44.00 in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of Sprout Social in a research note on Friday, June 7th. Cantor Fitzgerald cut their target price on shares of Sprout Social from $74.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Sprout Social in a research note on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.57.

Check Out Our Latest Stock Analysis on SPT

About Sprout Social

(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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Institutional Ownership by Quarter for Sprout Social (NASDAQ:SPT)

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