Aaron Edward Frederick Rankin Sells 44,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) Director Aaron Edward Frederick Rankin sold 44,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 40,888 shares in the company, valued at $2,436,924.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Aaron Edward Frederick Rankin also recently made the following trade(s):

  • On Thursday, January 4th, Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock. The stock was sold at an average price of $56.06, for a total value of $2,466,640.00.

Sprout Social Trading Up 1.8 %

Shares of SPT stock opened at $60.74 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.20 and a current ratio of 1.20. Sprout Social, Inc. has a 1 year low of $37.00 and a 1 year high of $68.30. The stock has a fifty day moving average of $60.45 and a two-hundred day moving average of $53.35. The firm has a market capitalization of $3.40 billion, a PE ratio of -57.30 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their price target on Sprout Social from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Stifel Nicolaus boosted their price target on Sprout Social from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 19th. Jefferies Financial Group assumed coverage on Sprout Social in a report on Wednesday. They issued a “buy” rating and a $76.00 price target for the company. Barclays boosted their price target on Sprout Social from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, Cantor Fitzgerald upgraded Sprout Social from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $48.00 to $74.00 in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Get Our Latest Stock Report on Sprout Social

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SPT. Raymond James & Associates boosted its position in Sprout Social by 5.9% during the 1st quarter. Raymond James & Associates now owns 25,822 shares of the company’s stock worth $2,069,000 after acquiring an additional 1,428 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sprout Social by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 434,219 shares of the company’s stock valued at $34,789,000 after buying an additional 13,742 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sprout Social by 105.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,668 shares of the company’s stock valued at $213,000 after buying an additional 1,372 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Sprout Social by 56.3% in the first quarter. MetLife Investment Management LLC now owns 24,479 shares of the company’s stock valued at $1,961,000 after buying an additional 8,816 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Sprout Social by 2.8% in the first quarter. Rhumbline Advisers now owns 46,537 shares of the company’s stock valued at $3,729,000 after buying an additional 1,257 shares during the period.

Sprout Social Company Profile

(Get Free Report)

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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.

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Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

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