XTX Topco Ltd Invests $521,000 in Sprout Social, Inc. (NASDAQ:SPT)

XTX Topco Ltd bought a new stake in Sprout Social, Inc. (NASDAQ:SPT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,911 shares of the company’s stock, valued at approximately $521,000.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after purchasing an additional 751 shares in the last quarter. nVerses Capital LLC lifted its holdings in Sprout Social by 76.5% during the 2nd quarter. nVerses Capital LLC now owns 3,000 shares of the company’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. Assetmark Inc. boosted its position in Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after buying an additional 801 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Sprout Social in the second quarter worth $218,000. Finally, Entropy Technologies LP purchased a new stake in shares of Sprout Social during the third quarter worth $265,000.

Insider Transactions at Sprout Social

In other Sprout Social news, CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $28.25, for a total transaction of $474,600.00. Following the completion of the sale, the chief executive officer now directly owns 170,175 shares of the company’s stock, valued at approximately $4,807,443.75. This trade represents a 8.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $28.23, for a total value of $564,600.00. Following the completion of the transaction, the insider now owns 7,417 shares in the company, valued at $209,381.91. This trade represents a 72.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,765 shares of company stock worth $1,505,079. Insiders own 10.97% of the company’s stock.

Sprout Social Stock Performance

NASDAQ SPT opened at $33.93 on Friday. The company has a fifty day moving average of $29.65 and a two-hundred day moving average of $31.62. The company has a market capitalization of $1.95 billion, a PE ratio of -28.28 and a beta of 1.03. Sprout Social, Inc. has a 1 year low of $25.05 and a 1 year high of $68.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The firm had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. As a group, analysts expect that Sprout Social, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPT shares. Scotiabank began coverage on Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price for the company. Barclays lowered their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Piper Sandler reduced their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Sprout Social in a report on Friday, November 8th. Finally, KeyCorp lowered shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.46.

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.