Duality Advisers LP Purchases 928 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Duality Advisers LP increased its position in shares of Sprout Social, Inc. (NASDAQ:SPT) by 13.8% in the 4th quarter, HoldingsChannel reports. The firm owned 7,652 shares of the company’s stock after acquiring an additional 928 shares during the quarter. Duality Advisers LP’s holdings in Sprout Social were worth $470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RiverPark Advisors LLC bought a new stake in Sprout Social during the third quarter worth about $37,000. Arcadia Investment Management Corp MI lifted its position in Sprout Social by 40.3% during the third quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the period. Guinness Atkinson Asset Management Inc bought a new stake in Sprout Social during the third quarter worth about $40,000. DekaBank Deutsche Girozentrale bought a new position in shares of Sprout Social in the third quarter worth about $47,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Sprout Social by 14.8% in the third quarter. PNC Financial Services Group Inc. now owns 2,500 shares of the company’s stock worth $125,000 after acquiring an additional 323 shares during the last quarter.

Analyst Ratings Changes

SPT has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on shares of Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Morgan Stanley dropped their target price on shares of Sprout Social from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Oppenheimer initiated coverage on shares of Sprout Social in a report on Thursday, April 18th. They issued an “outperform” rating and a $76.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $75.00 target price on shares of Sprout Social in a report on Monday. Finally, KeyCorp initiated coverage on shares of Sprout Social in a report on Thursday, March 21st. They issued an “overweight” rating and a $83.00 target price for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.57.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $56.52, for a total transaction of $1,130,400.00. Following the completion of the sale, the chief executive officer now owns 406,636 shares of the company’s stock, valued at approximately $22,983,066.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprout Social news, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $56.52, for a total transaction of $1,130,400.00. Following the completion of the sale, the chief executive officer now owns 406,636 shares of the company’s stock, valued at approximately $22,983,066.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $59.63, for a total transaction of $333,928.00. Following the sale, the president now directly owns 209,375 shares of the company’s stock, valued at approximately $12,485,031.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,200 shares of company stock valued at $8,171,958. 10.97% of the stock is currently owned by company insiders.

Sprout Social Trading Down 2.1 %

Sprout Social stock opened at $51.36 on Friday. The business has a 50 day moving average of $58.04 and a 200-day moving average of $56.85. The company has a quick ratio of 1.08, a current 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 released its earnings results 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 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, analysts anticipate that Sprout Social, Inc. will post -1.17 earnings per share for the current fiscal year.

About Sprout Social

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.