Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) Director Sells 640 Shares of Stock


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Sprout Social, Inc. (NASDAQ:SPT) Director Goldman Sachs Group Inc sold 640 shares of the stock in a transaction that occurred on Monday, January 4th. The stock was sold at an average price of $45.65, for a total transaction of $29,216.00. Following the completion of the transaction, the director now owns 734 shares in the company, valued at approximately $33,507.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Goldman Sachs Group Inc also recently made the following trade(s):

  • On Friday, January 8th, Goldman Sachs Group Inc bought 640 shares of Sprout Social stock. The stock was purchased at an average cost of $50.53 per share, with a total value of $32,339.20.

Shares of SPT stock traded up $3.70 during mid-day trading on Wednesday, hitting $55.71. 449,614 shares of the stock traded hands, compared to its average volume of 436,056. The stock has a market cap of $2.95 billion and a P/E ratio of -21.93. The stock’s fifty day moving average is $50.15 and its two-hundred day moving average is $46.87. Sprout Social, Inc. has a 52-week low of $10.54 and a 52-week high of $56.65.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Monday, November 9th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The firm had revenue of $33.67 million for the quarter, compared to analysts’ expectations of $33.02 million. As a group, sell-side analysts expect that Sprout Social, Inc. will post -0.7 earnings per share for the current fiscal year.

SPT has been the subject of a number of research analyst reports. BTIG Research increased their price objective on shares of Sprout Social from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, November 10th. Barclays assumed coverage on shares of Sprout Social in a research note on Thursday, October 8th. They set an “overweight” rating and a $56.00 price target on the stock. ValuEngine cut shares of Sprout Social from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. BidaskClub cut shares of Sprout Social from a “buy” rating to a “hold” rating in a research report on Monday, December 28th. Finally, Morgan Stanley cut shares of Sprout Social from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $34.00 to $51.00 in a research report on Tuesday, November 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Sprout Social currently has a consensus rating of “Buy” and a consensus price target of $43.90.

Several institutional investors have recently made changes to their positions in SPT. California Public Employees Retirement System purchased a new position in shares of Sprout Social in the 2nd quarter valued at approximately $480,000. Advisor Group Holdings Inc. raised its position in shares of Sprout Social by 118.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,185 shares of the company’s stock valued at $58,000 after purchasing an additional 1,185 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sprout Social by 2,861.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,154,285 shares of the company’s stock valued at $31,166,000 after purchasing an additional 1,115,314 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Sprout Social in the 2nd quarter valued at approximately $622,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Sprout Social by 111.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 33,382 shares of the company’s stock valued at $901,000 after purchasing an additional 17,583 shares during the last quarter. 71.61% of the stock is owned by hedge funds and other institutional investors.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

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

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