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