Sprout Social, Inc. (NASDAQ: SPT) CFO Preto Joseph Del sells 4,000 shares

0


Sprout Social, Inc. (NASDAQ: SPT) Chief Financial Officer Preto Joseph Del sold 4,000 shares of the company in a trade that took place on Tuesday, June 8. The stock was sold for an average price of $ 75.73, for a total value of $ 302,920.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, which is available through this hyperlink.

Preto Joseph Del also recently completed the following transactions:

  • On Wednesday, May 19, Preto Joseph Del sold 4,000 shares of Sprout Social. The stock was sold for an average price of $ 57.51, for a total value of $ 230,040.00.
  • On Tuesday, May 4, Preto Joseph Del sold 2,708 Sprout Social shares. The stock was sold for an average price of $ 61.08, for a total value of $ 165,404.64.
  • On Tuesday April 20, Preto Joseph Del sold 4,000 shares of Sprout Social. The stock was sold for an average price of $ 57.91, for a total value of $ 231,640.00.
  • On Monday April 5, Preto Joseph Del sold 2,556 Sprout Social shares. The stock was sold for an average price of $ 57.64, for a total value of $ 147,327.84.
  • On Tuesday March 16, Preto Joseph Del sold 4,000 shares of Sprout Social. The stock was sold for an average price of $ 63.30, for a total value of $ 253,200.00.

SPT shares traded down $ 0.40 at midday on Wednesday, reaching $ 76.54. The stock had a trade volume of 459,378 shares, compared to its average volume of 570,104. Sprout Social, Inc. has a 12-month low of $ 24.55 and a 12-month high of $ 82.47 . The company has a market cap of $ 4.10 billion, a price-to-earnings ratio of -149.44 and a beta of 1.01. The stock has a 50-day moving average of $ 63.47.

(A d)

Phase I drilling returns multiple high-grade silver interceptions for this junior explorer

Sprout Social (NASDAQ: SPT) last released its results on Tuesday, May 4. The company reported ($ 0.05) earnings per share for the quarter, exceeding Thomson Reuters consensus estimate ($ 0.10) by $ 0.05. The company posted revenue of $ 40.80 million in the quarter, compared to $ 39.73 million expected by analysts. The company’s revenue for the quarter increased 33.8% year-over-year. As a group, research analysts predict that Sprout Social, Inc. will post -0.63 EPS for the current year.

SPT has been the subject of a number of research reports. Piper Sandler kicked off coverage on Sprout Social in a research note on Tuesday, April 27. They issued an “overweight” rating and a price target of $ 86.00 on the stock. BTIG Research raised its price target on Sprout Social from $ 71.00 to $ 80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 24. Morgan Stanley raised its price target on Sprout Social from $ 53.00 to $ 81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 24. Zacks Investment Research downgraded Sprout Social from a “buy” rating to a “keep” rating in a research note on Thursday, June 3. Finally, KeyCorp assumed coverage of Sprout Social in a research report on Tuesday, June 1. They set an “overweight” rating and a target price of $ 82.00 for the stock. Two analysts rated the stock with a conservation rating and eight gave the company a buy rating. The stock has an average rating of “Buy” and an average target price of $ 71.20.

Several hedge funds and other institutional investors recently changed their holdings to SPT. Nisa Investment Advisors LLC purchased a new equity stake in Sprout Social during the 4th quarter valued at $ 45,000. First Trust Advisors LP increased its position in Sprout Social by 1,649.0% during the 4th quarter. First Trust Advisors LP now owns 869,124 shares of the company valued at $ 39,467,000 after purchasing an additional 819,431 shares in the last quarter. California Public Employees Retirement System increased its position in Sprout Social by 7.1% in the 4th quarter. California Public Employees Retirement System now owns 60,622 shares of the company valued at $ 2,753,000 after purchasing an additional 4,022 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Sprout Social by 16.3% in the fourth quarter. Foundry Partners LLC now owns 35,867 shares of the company valued at $ 1,629,000 after purchasing an additional 5,023 shares during the period. Finally, US Bancorp DE increased its stake in Sprout Social shares by 23.2% in the fourth quarter. US Bancorp DE now owns 19,976 shares of the company valued at $ 907,000 after purchasing an additional 3,757 shares during the period. Hedge funds and other institutional investors hold 73.57% of the company’s shares.

Sprout Social Enterprise Profile

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

See also: What is the book value of a share?

Insider Buys and Sells by Quarter for Sprout Social (NASDAQ: SPT)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What does an equal weight rating mean?

7 Precious Metal Stocks That Will Keep Your Portfolio On Trend

The growing acceptance of cryptocurrency is starting to cause mainstream investors to rethink their idea of ​​’store of value’. The fashionable possibilities of Bitcoin, Ethereum, and any of the dozens of altcoins that exist on the blockchain are all the rage like the latest fad.

However, the thing about fashion is that the more things change, the more things stay the same. Just like the simple black dress that never goes out of style, so do stocks of precious metals. One way to think about it would be to say that the existence of a growing cryptocurrency market does not change the value of precious metals.

Precious metals have long been known as a safe haven in times of market volatility and economic crisis. In fact, during the Covid-19 pandemic, gold prices jumped about 30%, surpassing the $ 2,000 mark for the first time in its history. This was at a time when the prices of many cryptocurrencies were dropping.

And precious metals have also been seen as a hedge against inflation, which seems to be more of a certainty with the Federal Reserve’s commitment to keep interest rates at historically low rates until 2023.

Whether you are looking to take your first steps in building a precious metals portfolio or want to refine the one you own, we think this special presentation is a good place to start your research. We’ve identified seven precious metals stocks looking to maintain their appeal in 2021.

Check out the “7 Precious Metals Stocks That Will Keep Your Portfolio On Trend.”



Source link

Leave A Reply

Your email address will not be published.