Ryan Paul Barretto Sells 16,800 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $30.99, for a total value of $520,632.00. Following the completion of the transaction, the chief executive officer now directly owns 153,375 shares of the company’s stock, valued at $4,753,091.25. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ryan Paul Barretto also recently made the following trade(s):

• On Tuesday, December 3rd, Ryan Paul Barretto sold 13,465 shares of Sprout Social stock. The stock was sold at an average price of $31.45, for a total value of $423,474.25.
• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The shares were sold at an average price of $28.25, for a total value of $474,600.00.

Sprout Social Stock Down 1.3 %

NASDAQ SPT traded down $0.41 during trading on Tuesday, reaching $30.71. 423,045 shares of the company’s stock were exchanged, compared to its average volume of 721,758. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Sprout Social, Inc. has a fifty-two week low of $25.05 and a fifty-two week high of $68.41. The company’s fifty day simple moving average is $30.54 and its 200-day simple moving average is $31.55. The firm has a market capitalization of $1.76 billion, a PE ratio of -25.59 and a beta of 1.03.

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

Analysts Set New Price Targets

Several research firms have commented on SPT. Piper Sandler lowered their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Oppenheimer lowered their price objective on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. Barclays cut their target price 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. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday, November 8th. Finally, Scotiabank initiated coverage on Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sprout Social presently has a consensus rating of “Hold” and an average price target of $45.46.

Institutional Investors Weigh In On Sprout Social

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Sprout Social by 324.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock valued at $11,714,000 after buying an additional 307,906 shares during the last quarter. Principal Financial Group Inc. grew its position in Sprout Social by 20.0% in the third quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock worth $34,868,000 after acquiring an additional 200,190 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Sprout Social by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock worth $576,000 after purchasing an additional 1,034 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Sprout Social by 3.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 98,204 shares of the company’s stock valued at $2,855,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Sprout Social by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,175,538 shares of the company’s stock worth $34,179,000 after purchasing an additional 22,320 shares in the last quarter.

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.