Brighton Jones LLC Has $892,000 Position in Sprout Social, Inc. (NASDAQ:SPT)

Brighton Jones LLC grew its position in Sprout Social, Inc. (NASDAQ:SPT) by 71.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,513 shares of the company’s stock after purchasing an additional 6,031 shares during the period. Brighton Jones LLC’s holdings in Sprout Social were worth $892,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Knights of Columbus Asset Advisors LLC boosted its position in Sprout Social by 162.5% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 74,357 shares of the company’s stock valued at $4,568,000 after buying an additional 46,033 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Sprout Social by 43.7% in the third quarter. Natixis Advisors L.P. now owns 61,300 shares of the company’s stock valued at $3,058,000 after acquiring an additional 18,644 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Sprout Social by 244.1% in the 3rd quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company’s stock worth $219,692,000 after acquiring an additional 3,124,376 shares in the last quarter. Corton Capital Inc. grew its position in Sprout Social by 16.6% during the 3rd quarter. Corton Capital Inc. now owns 6,899 shares of the company’s stock worth $344,000 after acquiring an additional 983 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sprout Social by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company’s stock valued at $253,609,000 after purchasing an additional 191,471 shares in the last quarter.

Sprout Social Price Performance

Sprout Social stock opened at $49.91 on Thursday. The firm has a market capitalization of $2.81 billion, a P/E ratio of -41.59 and a beta of 1.09. The business has a 50-day moving average of $57.24 and a 200-day moving average of $56.96. 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 1 year low of $37.00 and a 1 year 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 analysts’ consensus estimates of ($0.30) by ($0.02). The firm had revenue of $93.58 million for the quarter, compared to analyst estimates of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. On average, equities analysts anticipate that Sprout Social, Inc. will post -1.17 EPS for the current year.

Insider Activity at Sprout Social

In other news, Director Aaron Edward Frederick Rankin sold 44,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.60, for a total transaction of $2,622,400.00. Following the completion of the transaction, the director now directly owns 40,888 shares of the company’s stock, valued at approximately $2,436,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.60, for a total value of $2,622,400.00. Following the sale, the director now owns 40,888 shares of the company’s stock, valued at $2,436,924.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 140,200 shares of company stock worth $8,171,958 in the last quarter. Corporate insiders own 10.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in 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 target price for the company. Morgan Stanley reduced their target price on shares of Sprout Social from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. The Goldman Sachs Group raised their price target on shares of Sprout Social from $65.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Sprout Social in a report on Wednesday, February 21st. Finally, 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. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Sprout Social currently has a consensus rating of “Moderate Buy” and an average target price of $72.57.

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.