2 weeks Ago By ABMN Staff
Legal & General Group Plc reduced its position in Sprout Social, Inc. ( NASDAQ:SPT – Free Report ) by 3.0% during the 4th quarter, HoldingsChannel reports.
The institutional investor owned 53,831 shares of the company’s stock after selling 1,639 shares during the period. Legal & General Group Plc’s holdings in Sprout Social were worth $1,653,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company.
JPMorgan Chase & Co. grew 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 worth $11,714,000 after purchasing an additional 307,906 shares during the period. Barclays PLC increased its position in shares of Sprout Social by 339.
5% in the third quarter. Barclays PLC now owns 90,234 shares of the company’s stock worth $2,623,000 after acquiring an additional 69,704 shares in the last quarter. Principal Financial Group Inc.
raised its stake in shares of Sprout Social by 20.0% in the 3rd quarter. Principal Financial Group Inc.
now owns 1,199,451 shares of the company’s stock valued at $34,868,000 after acquiring an additional 200,190 shares during the period. Brighton Jones LLC lifted its holdings in shares of Sprout Social by 391.7% during the 4th quarter.
Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after acquiring an additional 28,667 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Sprout Social during the 4th quarter worth $338,000. Wall Street Analysts Forecast Growth A number of research analysts have commented on SPT shares.
The Goldman Sachs Group reduced their price objective 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.
Stifel Nicolaus decreased their price target on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 26th.
Barclays dropped their price objective on shares of Sprout Social from $34.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st.
Canaccord Genuity Group decreased their target price on shares of Sprout Social from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.
Finally, Morgan Stanley dropped their price target on shares of Sprout Social from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th.
One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.
15. Sprout Social Stock Up 2.2 % Shares of Sprout Social stock opened at $21.
45 on Friday. The business has a 50-day moving average price of $23.27 and a 200 day moving average price of $28.
35. Sprout Social, Inc. has a fifty-two week low of $18.
52 and a fifty-two week high of $52.96. The firm has a market cap of $1.
24 billion, a P/E ratio of -17.87 and a beta of 1.11.
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 – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.
20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35).
The firm had revenue of $107.09 million for the quarter, compared to analyst estimates of $106.74 million.
Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%.
On average, sell-side analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.
Insider Activity In related news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $32.59, for a total value of $1,303,600.
00. Following the sale, the insider now owns 7,417 shares of the company’s stock, valued at $241,720.03.
This trade represents a 84.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Director Karen Walker sold 5,000 shares of Sprout Social 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 completion of the sale, the director now owns 25,665 shares in the company, valued at approximately $498,414.30.
This represents a 16.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last three months, insiders sold 125,446 shares of company stock valued at $3,115,839. Company insiders own 10.12% of the company’s stock.
Sprout Social Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding SPT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sprout Social, Inc. ( NASDAQ:SPT – Free Report ). Receive News & Ratings for Sprout Social Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprout Social and related companies with MarketBeat.
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