BNP Paribas Financial Markets Purchases New Shares in Sprout Social, Inc. (NASDAQ:SPT)

BNP Paribas Financial Markets purchased a new stake in shares of Sprout Social, Inc. (NASDAQ:SPT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 122,026 shares of the company’s stock, valued at approximately $3,747,000.

A number of other large investors have also added to or reduced their stakes in SPT. Stifel Financial Corp grew its holdings in Sprout Social by 0.4% during the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company’s stock worth $2,553,000 after acquiring an additional 351 shares in the last quarter. Invesco Ltd. grew its holdings in Sprout Social by 1.8% during the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company’s stock worth $702,000 after acquiring an additional 397 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of 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. lifted its position in shares of 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 lifted its position in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after buying an additional 1,099 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Sprout Social from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group raised their price target on shares of Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Scotiabank reduced their price target on shares of Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Sprout Social from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group reduced their price target on shares of Sprout Social from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.69.

Sprout Social Trading Down 0.7%

Shares of NASDAQ:SPT opened at $24.20 on Thursday. The company has a market cap of $1.40 billion, a PE ratio of -20.17 and a beta of 1.20. The company’s 50-day moving average price is $21.93 and its 200 day moving average price is $27.80. 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 quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.07. The firm had revenue of $109.29 million for the quarter, compared to the consensus estimate of $107.63 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Sprout Social’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Insider Activity at Sprout Social

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $19.42, for a total transaction of $97,100.00. Following the transaction, the director now owns 25,665 shares of the company’s stock, valued at approximately $498,414.30. This trade represents a 16.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $19.90, for a total transaction of $334,320.00. Following the transaction, the chief executive officer now directly owns 136,575 shares in the company, valued at approximately $2,717,842.50. The trade was a 10.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,446 shares of company stock worth $2,644,639 in the last ninety days. 10.12% of the stock is owned by insiders.

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.