Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto Sells 5,600 Shares

Sprout Social, Inc. (NASDAQ:SPTGet Rating) President Ryan Paul Barretto sold 5,600 shares of Sprout Social stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $56.14, for a total transaction of $314,384.00. Following the completion of the transaction, the president now directly owns 310,175 shares in the company, valued at approximately $17,413,224.50. 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 Tuesday, July 5th, Ryan Paul Barretto sold 5,600 shares of Sprout Social stock. The shares were sold at an average price of $60.90, for a total transaction of $341,040.00.
  • On Thursday, June 2nd, Ryan Paul Barretto sold 5,718 shares of Sprout Social stock. The stock was sold at an average price of $58.31, for a total transaction of $333,416.58.

Sprout Social Stock Up 5.3 %

Sprout Social stock opened at $61.37 on Friday. The stock has a 50-day simple moving average of $55.95 and a 200 day simple moving average of $61.33. Sprout Social, Inc. has a 12-month low of $38.39 and a 12-month high of $145.42. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -80.75 and a beta of 1.10.

Sprout Social (NASDAQ:SPTGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). Sprout Social had a negative net margin of 18.65% and a negative return on equity of 28.39%. The business had revenue of $57.43 million during the quarter, compared to the consensus estimate of $56.25 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 40.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sprout Social, Inc. will post -0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPT. Canaccord Genuity Group lowered their price objective on shares of Sprout Social from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Piper Sandler decreased their price target on shares of Sprout Social from $76.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Sprout Social from $110.00 to $76.00 in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Sprout Social from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Finally, Barclays decreased their price target on shares of Sprout Social from $79.00 to $66.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPT. Vanguard Group Inc. raised its holdings in Sprout Social by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 3,683,975 shares of the company’s stock worth $295,160,000 after purchasing an additional 93,793 shares during the last quarter. Invesco Ltd. raised its holdings in Sprout Social by 2.3% during the 1st quarter. Invesco Ltd. now owns 1,827,992 shares of the company’s stock worth $146,459,000 after purchasing an additional 41,061 shares during the last quarter. Jennison Associates LLC raised its holdings in Sprout Social by 95.3% during the 2nd quarter. Jennison Associates LLC now owns 1,063,868 shares of the company’s stock worth $61,779,000 after purchasing an additional 519,059 shares during the last quarter. Eventide Asset Management LLC raised its holdings in Sprout Social by 5.4% during the 1st quarter. Eventide Asset Management LLC now owns 1,049,943 shares of the company’s stock worth $84,121,000 after purchasing an additional 54,000 shares during the last quarter. Finally, State Street Corp raised its holdings in Sprout Social by 4.9% during the 1st quarter. State Street Corp now owns 946,232 shares of the company’s stock worth $75,812,000 after purchasing an additional 43,965 shares during the last quarter. 83.30% of the stock is owned by institutional investors.

Sprout Social Company Profile

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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. It provides cloud software that brings together 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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