Preto Joseph Del Sells 2,556 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del sold 2,556 shares of Sprout Social stock in a transaction on Monday, April 5th. The shares were sold at an average price of $57.64, for a total value of $147,327.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Preto Joseph Del also recently made the following trade(s):

  • On Tuesday, March 16th, Preto Joseph Del sold 4,000 shares of Sprout Social stock. The shares were sold at an average price of $63.30, for a total value of $253,200.00.
  • On Tuesday, March 2nd, Preto Joseph Del sold 6,276 shares of Sprout Social stock. The shares were sold at an average price of $68.54, for a total value of $430,157.04.
  • On Wednesday, February 3rd, Preto Joseph Del sold 2,619 shares of Sprout Social stock. The shares were sold at an average price of $64.88, for a total value of $169,920.72.
  • On Tuesday, January 19th, Preto Joseph Del sold 4,000 shares of Sprout Social stock. The shares were sold at an average price of $59.30, for a total value of $237,200.00.

Shares of NASDAQ SPT opened at $57.65 on Thursday. The company has a market capitalization of $3.08 billion and a price-to-earnings ratio of -35.81. The business has a 50-day moving average of $62.44 and a two-hundred day moving average of $55.50. Sprout Social, Inc. has a 1 year low of $11.90 and a 1 year high of $82.47.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Tuesday, February 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.05. The business had revenue of $37.30 million for the quarter, compared to analysts’ expectations of $35.87 million. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. Equities analysts anticipate that Sprout Social, Inc. will post -0.68 earnings per share for the current year.

Several research analysts recently commented on SPT shares. Needham & Company LLC boosted their target price on Sprout Social from $52.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, March 3rd. BTIG Research boosted their target price on Sprout Social from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 24th. Morgan Stanley boosted their target price on Sprout Social from $53.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 2nd. Barclays boosted their target price on Sprout Social from $68.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. Finally, KeyCorp lifted their price target on Sprout Social from $55.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, February 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $65.11.

Institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of Sprout Social by 7.1% in the 4th quarter. California Public Employees Retirement System now owns 60,622 shares of the company’s stock valued at $2,753,000 after purchasing an additional 4,022 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Sprout Social by 243.9% in the 3rd quarter. California State Teachers Retirement System now owns 41,224 shares of the company’s stock valued at $1,587,000 after purchasing an additional 29,238 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Sprout Social by 48.0% in the 3rd quarter. Squarepoint Ops LLC now owns 28,057 shares of the company’s stock valued at $1,080,000 after purchasing an additional 9,097 shares during the last quarter. Caas Capital Management LP purchased a new stake in Sprout Social during the 4th quarter valued at approximately $11,200,000. Finally, First Trust Advisors LP raised its stake in Sprout Social by 1,649.0% during the 4th quarter. First Trust Advisors LP now owns 869,124 shares of the company’s stock valued at $39,467,000 after acquiring an additional 819,431 shares during the last quarter. 77.51% of the stock is owned by institutional investors and hedge funds.

About Sprout Social

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

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Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

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