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Sprout Social, Inc. (NASDAQ:SPT – Get Rating) CTO Aaron Edward Frederick Rankin sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $55.00, for a total value of $247,500.00. Following the completion of the sale, the chief technology officer now directly owns 31,115 shares in the company, valued at $1,711,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Aaron Edward Frederick Rankin also recently made the following trade(s):
- On Friday, December 2nd, Aaron Edward Frederick Rankin sold 871 shares of Sprout Social stock. The stock was sold at an average price of $58.81, for a total transaction of $51,223.51.
- On Tuesday, November 15th, Aaron Edward Frederick Rankin sold 37,200 shares of Sprout Social stock. The stock was sold at an average price of $65.83, for a total value of $2,448,876.00.
Sprout Social Stock Performance
Sprout Social stock traded down $1.50 during trading hours on Friday, reaching $57.82. 612,972 shares of the stock were exchanged, compared to its average volume of 619,975. Sprout Social, Inc. has a 52-week low of $38.39 and a 52-week high of $85.99. The stock has a market cap of $3.17 billion, a P/E ratio of -67.41 and a beta of 0.88. The firm’s 50 day moving average is $58.27 and its 200 day moving average is $59.14.
Sprout Social (NASDAQ:SPT – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.01). The business had revenue of $65.31 million for the quarter, compared to analyst estimates of $64.99 million. Sprout Social had a negative return on equity of 33.90% and a negative net margin of 20.30%. Equities research analysts expect that Sprout Social, Inc. will post -0.94 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on SPT. Cantor Fitzgerald lowered their target price on shares of Sprout Social from $79.00 to $62.00 in a research note on Friday, November 4th. Morgan Stanley increased their price target on Sprout Social from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. KeyCorp lowered their target price on shares of Sprout Social from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, November 4th. Barclays dropped their price target on shares of Sprout Social from $70.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Finally, Robert W. Baird lifted their target price on Sprout Social from $64.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, November 17th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.44.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of Sprout Social by 433.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 443 shares of the company’s stock worth $25,000 after acquiring an additional 360 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Sprout Social in the third quarter valued at $25,000. CWM LLC increased its position in shares of Sprout Social by 109.1% in the second quarter. CWM LLC now owns 485 shares of the company’s stock valued at $28,000 after buying an additional 253 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Sprout Social during the 3rd quarter worth $28,000. Finally, Assetmark Inc. boosted its position in shares of Sprout Social by 138.9% in the 2nd quarter. Assetmark Inc. now owns 497 shares of the company’s stock worth $29,000 after buying an additional 289 shares in the last quarter. 86.34% of the stock is currently owned by institutional investors and hedge funds.
Sprout Social Company Profile
(Get Rating)
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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.
Read More
- Get a free copy of the StockNews.com research report on Sprout Social (SPT)
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