Schonfeld Strategic Advisors LLC Decreases Holdings in Sprout Social, Inc. (NASDAQ:SPT)

Schonfeld Strategic Advisors LLC trimmed its position in Sprout Social, Inc. (NASDAQ:SPT) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,510 shares of the company’s stock after selling 20,875 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Sprout Social were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in Sprout Social by 0.4% in the fourth quarter. Stifel Financial Corp now owns 83,141 shares of the company’s stock valued at $2,553,000 after acquiring an additional 351 shares in the last quarter. Invesco Ltd. boosted its stake in Sprout Social by 1.8% in the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company’s stock worth $702,000 after purchasing an additional 397 shares in the last quarter. Franklin Resources Inc. raised its position in Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock worth $576,000 after buying an additional 1,034 shares during the last quarter. Sei Investments Co. raised its position in Sprout Social by 3.0% in the 4th quarter. Sei Investments Co. now owns 35,893 shares of the company’s stock worth $1,102,000 after buying an additional 1,038 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock valued at $78,000 after purchasing an additional 1,099 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Piper Sandler reduced their target price on shares of Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Oppenheimer decreased their target price on Sprout Social from $38.00 to $32.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group raised their price target on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price target on Sprout Social from $29.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.69.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $23.90 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a fifty-two week low of $18.52 and a fifty-two week high of $39.75. The company has a market cap of $1.38 billion, a PE ratio of -19.92 and a beta of 1.20. The business has a 50-day simple moving average of $22.00 and a two-hundred day simple moving average of $27.87.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $109.29 million during the quarter, compared to the consensus estimate of $107.63 million. During the same period in the previous year, the company posted $0.10 earnings per share. Sprout Social’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Insider Activity

In related news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $19.99, for a total transaction of $799,600.00. Following the completion of the sale, the insider now directly owns 7,417 shares in the company, valued at approximately $148,265.83. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $19.42, for a total value of $97,100.00. Following the sale, the director now owns 25,665 shares of the company’s stock, valued at $498,414.30. The trade was a 16.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,446 shares of company stock worth $2,644,639 over the last three months. 10.12% of the stock is currently owned by corporate insiders.

Sprout Social 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.