Justyn Russell Howard Sells 20,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.50, for a total transaction of $570,000.00. Following the completion of the sale, the chief executive officer now owns 406,636 shares of the company’s stock, valued at approximately $11,589,126. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Justyn Russell Howard also recently made the following trade(s):

• On Monday, April 8th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The stock was sold at an average price of $56.52, for a total value of $1,130,400.00.
• On Thursday, March 7th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The shares were sold at an average price of $58.36, for a total value of $2,334,400.00.

Sprout Social Stock Down 0.7 %

Shares of SPT opened at $26.90 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. Sprout Social, Inc. has a 12 month low of $25.68 and a 12 month high of $68.41. The firm’s 50 day moving average is $53.95 and its 200-day moving average is $56.33. The stock has a market capitalization of $1.51 billion, a PE ratio of -21.52 and a beta of 1.09.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). Sprout Social had a negative return on equity of 42.60% and a negative net margin of 19.64%. The company had revenue of $93.58 million for the quarter, compared to the consensus estimate of $90.76 million. Equities research analysts forecast that Sprout Social, Inc. will post -1.17 EPS for the current year.

Institutional Investors Weigh In On Sprout Social

A number of large investors have recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in shares of Sprout Social during the 1st quarter worth $27,000. RiverPark Advisors LLC bought a new position in shares of Sprout Social in the third quarter worth about $37,000. Guinness Atkinson Asset Management Inc acquired a new stake in shares of Sprout Social in the 3rd quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale acquired a new position in Sprout Social during the 3rd quarter worth approximately $47,000. Finally, Arcadia Investment Management Corp MI lifted its stake in Sprout Social by 36.7% in the 4th 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 last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SPT shares. KeyCorp cut shares of Sprout Social from an “overweight” rating to a “sector weight” rating in a report on Friday, May 3rd. Robert W. Baird cut shares of Sprout Social from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $45.00 in a research note on Friday, May 3rd. Morgan Stanley lowered their price target on shares of Sprout Social from $65.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus upped their target price on Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Needham & Company LLC decreased their price target on Sprout Social from $75.00 to $55.00 and set a “buy” rating for the company 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.07.

Sprout Social Company 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.