Preto Joseph Del Sells 1,500 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) CFO Preto Joseph Del sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $59.63, for a total transaction of $89,445.00. Following the completion of the transaction, the chief financial officer now owns 172,644 shares of the company’s stock, valued at $10,294,761.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Preto Joseph Del also recently made the following trade(s):

  • On Monday, February 5th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $59.71, for a total transaction of $89,565.00.

Sprout Social Stock Down 1.1 %

Shares of SPT opened at $56.01 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.08. Sprout Social, Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $68.41. The firm has a 50 day moving average price of $60.91 and a 200-day moving average price of $56.32.

Sprout Social (NASDAQ:SPTGet Free Report) last announced 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). The business had revenue of $93.58 million during the quarter, compared to the consensus estimate of $90.76 million. Sprout Social had a negative return on equity of 41.25% and a negative net margin of 19.91%. As a group, research analysts forecast that Sprout Social, Inc. will post -1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Sprout Social in the first quarter worth $32,000. State of Wyoming purchased a new position in shares of Sprout Social in the second quarter worth $29,000. Quarry LP purchased a new position in shares of Sprout Social in the first quarter worth $40,000. RiverPark Advisors LLC purchased a new position in shares of Sprout Social in the third quarter worth $37,000. Finally, Captrust Financial Advisors increased its stake in shares of Sprout Social by 941.1% in the second quarter. Captrust Financial Advisors now owns 760 shares of the company’s stock worth $44,000 after buying an additional 687 shares during the period.

Analysts Set New Price Targets

SPT has been the subject of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $70.00 price objective on shares of Sprout Social in a research report on Wednesday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $75.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $74.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. Piper Sandler lifted their target price on shares of Sprout Social from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Barclays dropped their target price on shares of Sprout Social from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.54.

View Our Latest Stock Analysis on SPT

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. The company provides cloud software for 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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