Voya Investment Management LLC Has $298,000 Stake in Sprout Social, Inc. $SPT

Voya Investment Management LLC trimmed its position in shares of Sprout Social, Inc. (NASDAQ:SPT) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,570 shares of the company’s stock after selling 1,368 shares during the quarter. Voya Investment Management LLC’s holdings in Sprout Social were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Sprout Social by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company’s stock worth $129,762,000 after buying an additional 14,771 shares in the last quarter. Jennison Associates LLC grew its holdings in Sprout Social by 1.3% during the first quarter. Jennison Associates LLC now owns 2,200,443 shares of the company’s stock worth $48,388,000 after buying an additional 28,876 shares in the last quarter. Nuveen LLC bought a new stake in Sprout Social during the first quarter worth $13,131,000. Charles Schwab Investment Management Inc. grew its holdings in Sprout Social by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 482,644 shares of the company’s stock worth $10,613,000 after buying an additional 11,910 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Sprout Social by 17.8% during the first quarter. Bank of New York Mellon Corp now owns 381,009 shares of the company’s stock worth $8,378,000 after buying an additional 57,632 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SPT shares. Zacks Research downgraded Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. The Goldman Sachs Group decreased their price target on Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Canaccord Genuity Group reduced their price objective on Sprout Social from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Oppenheimer reduced their price objective on Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $24.00 price objective on shares of Sprout Social in a research note on Tuesday, June 3rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.36.

Sprout Social Stock Down 0.7%

SPT stock opened at $14.04 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $825.69 million, a price-to-earnings ratio of -14.78 and a beta of 0.86. Sprout Social, Inc. has a fifty-two week low of $13.33 and a fifty-two week high of $36.30. The stock has a fifty day moving average of $15.50 and a 200-day moving average of $19.32.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $111.78 million during the quarter, compared to the consensus estimate of $110.93 million. Sprout Social had a negative return on equity of 25.95% and a negative net margin of 12.70%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities research analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen Walker sold 5,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $19.05, for a total transaction of $95,250.00. Following the sale, the director owned 28,963 shares of the company’s stock, valued at approximately $551,745.15. This represents a 14.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $21.16, for a total value of $355,488.00. Following the sale, the chief executive officer directly owned 119,775 shares in the company, valued at $2,534,439. This trade represents a 12.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,366 shares of company stock valued at $1,754,519. Corporate insiders own 10.12% of the company’s stock.

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.