Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del Sells 1,500 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del sold 1,500 shares of Sprout Social stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $29.81, for a total value of $44,715.00. Following the transaction, the chief financial officer now owns 162,624 shares in the company, valued at $4,847,821.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Preto Joseph Del also recently made the following trade(s):

• On Monday, August 5th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $31.02, for a total value of $46,530.00.
• On Monday, July 1st, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $36.66, for a total value of $54,990.00.

Sprout Social Trading Down 2.8 %

Shares of SPT stock opened at $28.29 on Friday. Sprout Social, Inc. has a 12-month low of $25.68 and a 12-month high of $68.41. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $34.24 and its 200-day moving average price is $42.20. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -22.63 and a beta of 0.98.

Sprout Social (NASDAQ:SPT) last issued its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Sprout Social had a negative return on equity of 44.38% and a negative net margin of 19.60%. The firm had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $98.70 million. During the same period in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. Equities research analysts predict that Sprout Social, Inc. will post -0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprout Social

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPT. Arcadia Investment Management Corp MI boosted its holdings in shares of Sprout Social by 36.7% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,047 shares of the company’s stock worth $64,000 after purchasing an additional 281 shares during the period. Fidelis Capital Partners LLC bought a new position in Sprout Social during the first quarter valued at $27,000. Arizona State Retirement System raised its stake in shares of Sprout Social by 3.9% in the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock valued at $497,000 after acquiring an additional 529 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Sprout Social by 49.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,863 shares of the company’s stock worth $111,000 after acquiring an additional 613 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Sprout Social during the 1st quarter worth about $37,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $46.00 target price on shares of Sprout Social in a research report on Friday, August 2nd. KeyCorp cut Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a report on Thursday, August 22nd. Barclays decreased their price target on Sprout Social from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Sprout Social in a report on Friday, August 2nd. Finally, Robert W. Baird raised their price target on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Sprout Social currently has a consensus rating of “Hold” and an average price target of $51.31.

About Sprout Social

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.