Headlands Technologies LLC Sells 3,415 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Headlands Technologies LLC lessened its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 83.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 695 shares of the company’s stock after selling 3,415 shares during the quarter. Headlands Technologies LLC’s holdings in Sprout Social were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPT. Bailard Inc. raised its position in shares of Sprout Social by 24.4% in the fourth quarter. Bailard Inc. now owns 49,701 shares of the company’s stock valued at $3,054,000 after purchasing an additional 9,737 shares during the period. Duality Advisers LP raised its position in shares of Sprout Social by 13.8% in the fourth quarter. Duality Advisers LP now owns 7,652 shares of the company’s stock valued at $470,000 after purchasing an additional 928 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Sprout Social by 3.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 7,345 shares of the company’s stock valued at $451,000 after purchasing an additional 225 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in shares of 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 purchasing an additional 46,033 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sprout Social by 9.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,046 shares of the company’s stock valued at $679,000 after purchasing an additional 931 shares during the period.

Analysts Set New Price Targets

SPT has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $74.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. Oppenheimer initiated coverage on shares of Sprout Social in a research report on Thursday, April 18th. They set an “outperform” rating and a $76.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Sprout Social in a research report on Monday, April 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.57.

Insider Activity at Sprout Social

In related news, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social 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 completion of the transaction, the chief executive officer now directly owns 406,636 shares of the company’s stock, valued at $22,983,066.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social 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 completion of the transaction, the chief executive officer now directly owns 406,636 shares of the company’s stock, valued at $22,983,066.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Paul Barretto sold 5,600 shares of Sprout Social stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $59.63, for a total value of $333,928.00. Following the completion of the transaction, the president now directly owns 209,375 shares of the company’s stock, valued at $12,485,031.25. The disclosure for this sale can be found here. Insiders sold 140,200 shares of company stock valued at $8,171,958 over the last ninety days. 10.97% of the stock is owned by insiders.

Sprout Social Stock Down 1.1 %

Shares of NASDAQ:SPT opened at $49.91 on Thursday. Sprout Social, Inc. has a 52 week low of $37.00 and a 52 week high of $68.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day moving average is $57.24 and its 200-day moving average is $56.96. The company has a market capitalization of $2.81 billion, a PE ratio of -41.59 and a beta of 1.09.

Sprout Social (NASDAQ:SPT) last issued its earnings results on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. The firm had revenue of $93.58 million during the quarter, compared to analyst estimates of $90.76 million. Equities research analysts predict that Sprout Social, Inc. will post -1.17 earnings per share for the current fiscal year.

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.