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 company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $28.50, for a total value of $570,000.00. Following the sale, the chief executive officer now owns 406,636 shares in the company, valued at approximately $11,589,126. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $58.36, for a total value of $2,334,400.00.

Sprout Social Trading Down 0.7 %

Shares of SPT stock opened at $26.90 on Thursday. Sprout Social, Inc. has a fifty-two week low of $25.68 and a fifty-two week high of $68.41. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -21.52 and a beta of 1.09. 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’s 50 day moving average price is $53.95 and its two-hundred day moving average price is $56.33.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC acquired a new position in Sprout Social in the first quarter worth about $27,000. RiverPark Advisors LLC bought a new position in Sprout Social during the third quarter worth $37,000. Guinness Atkinson Asset Management Inc acquired a new position in Sprout Social in the third quarter worth $40,000. DekaBank Deutsche Girozentrale bought a new stake in Sprout Social during the third quarter valued at $47,000. Finally, Arcadia Investment Management Corp MI lifted its position 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 buying an additional 281 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPT. BTIG Research cut shares of Sprout Social from a “buy” rating to a “neutral” rating in a report on Friday, May 3rd. Canaccord Genuity Group decreased their price objective on shares of Sprout Social from $70.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Jefferies Financial Group assumed coverage on shares of Sprout Social in a report on Wednesday, February 7th. They set a “buy” rating and a $76.00 target price for the company. Barclays reduced their price target on shares of Sprout Social from $72.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Robert W. Baird cut shares of Sprout Social from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $72.00 to $45.00 in a research note on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.