Knights of Columbus Asset Advisors LLC Acquires 46,033 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Knights of Columbus Asset Advisors LLC lifted its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 162.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,357 shares of the company’s stock after buying an additional 46,033 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.13% of Sprout Social worth $4,568,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sprout Social by 9.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,046 shares of the company’s stock valued at $679,000 after buying an additional 931 shares during the last quarter. International Assets Investment Management LLC increased its position in Sprout Social by 4,050.3% in the fourth quarter. International Assets Investment Management LLC now owns 6,267 shares of the company’s stock worth $385,000 after purchasing an additional 6,116 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Sprout Social by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,944 shares of the company’s stock worth $3,437,000 after purchasing an additional 5,004 shares during the period. DekaBank Deutsche Girozentrale increased its position in Sprout Social by 169.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,434 shares of the company’s stock worth $150,000 after purchasing an additional 1,530 shares during the period. Finally, WoodTrust Financial Corp increased its position in Sprout Social by 13.2% in the fourth quarter. WoodTrust Financial Corp now owns 22,300 shares of the company’s stock worth $1,370,000 after purchasing an additional 2,600 shares during the period.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, CEO Justyn Russell Howard sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $56.52, for a total value of $1,130,400.00. Following the sale, the chief executive officer now owns 406,636 shares in the company, valued at approximately $22,983,066.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Ryan Paul Barretto sold 5,600 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $56.95, for a total transaction of $318,920.00. Following the sale, the president now owns 198,175 shares in the company, valued at approximately $11,286,066.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $56.52, for a total value of $1,130,400.00. Following the sale, the chief executive officer now owns 406,636 shares in the company, valued at approximately $22,983,066.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,200 shares of company stock worth $8,171,958. Corporate insiders own 11.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPT shares. Jefferies Financial Group started coverage on Sprout Social in a research report on Wednesday, February 7th. They issued a “buy” rating and a $76.00 price objective for the company. Morgan Stanley lowered their price objective on Sprout Social from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday. Oppenheimer started coverage on Sprout Social in a research report on Thursday. They issued an “outperform” rating and a $76.00 price objective for the company. Stifel Nicolaus lifted their price objective on Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $75.00 target price on shares of Sprout Social in a research report on Tuesday. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.57.

Sprout Social Price Performance

Shares of SPT opened at $50.98 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $59.04 and a 200 day simple moving average of $56.75. Sprout Social, Inc. has a 52-week low of $37.00 and a 52-week high of $68.41.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. The business had revenue of $93.58 million during the quarter, compared to analyst estimates of $90.76 million. On average, sell-side analysts forecast that Sprout Social, Inc. will post -1.17 EPS for the current fiscal year.

Sprout Social 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.