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

Sprout Social, Inc. (NASDAQ:SPT) CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $56.52, for a total value of $1,130,400.00. Following the completion of the transaction, the chief executive officer now directly owns 406,636 shares in the company, valued at approximately $22,983,066.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 Trading Up 1.9 %

SPT traded up $1.10 during trading hours on Tuesday, reaching $58.30. 428,956 shares of the company’s stock traded hands, compared to its average volume of 574,171. Sprout Social, Inc. has a 52-week low of $37.00 and a 52-week high of $68.41. The firm has a 50-day moving average price of $60.40 and a 200 day moving average price of $56.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $3.28 billion, a PE ratio of -48.39 and a beta of 1.05.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The firm had revenue of $93.58 million for the quarter, compared to analysts’ expectations of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. As a group, sell-side analysts predict that Sprout Social, Inc. will post -1.17 EPS for the current fiscal year.

Institutional Trading of Sprout Social

Hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new position in shares of Sprout Social during the second quarter valued at approximately $29,000. Acadian Asset Management LLC acquired a new position in shares of Sprout Social during the first quarter valued at approximately $32,000. RiverPark Advisors LLC acquired a new position in shares of Sprout Social during the third quarter valued at approximately $37,000. Arcadia Investment Management Corp MI raised its holdings in shares of Sprout Social by 40.3% during the third quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock valued at $38,000 after acquiring an additional 220 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc acquired a new position in shares of Sprout Social during the third quarter valued at approximately $40,000.

Analyst Ratings Changes

Several research firms have recently commented on SPT. Jefferies Financial Group began coverage on Sprout Social in a research note on Wednesday, February 7th. They issued a “buy” rating and a $76.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $74.00 target price on shares of Sprout Social in a research note on Wednesday, February 21st. Piper Sandler lifted their target price on Sprout Social from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group raised their price target on Sprout Social from $65.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Barclays cut their price target on Sprout Social from $75.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.54.

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.