Diversified Trust Co Raises Stock Position in Sprout Social, Inc. (NASDAQ:SPT)

Diversified Trust Co lifted its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,044 shares of the company’s stock after acquiring an additional 1,274 shares during the quarter. Diversified Trust Co’s holdings in Sprout Social were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SPT. Arizona State Retirement System lifted its position in shares of Sprout Social by 3.9% during the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock worth $497,000 after purchasing an additional 529 shares in the last quarter. Truist Financial Corp increased its stake in Sprout Social by 6.1% during the 2nd quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock worth $402,000 after buying an additional 646 shares during the period. Ensign Peak Advisors Inc lifted its holdings in Sprout Social by 3.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 19,951 shares of the company’s stock worth $712,000 after buying an additional 750 shares in the last quarter. Quarry LP boosted its position in Sprout Social by 2,346.9% in the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after buying an additional 751 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after acquiring an additional 801 shares in the last quarter.

Insider Activity at Sprout Social

In other news, CEO Ryan Paul Barretto sold 16,800 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $30.99, for a total transaction of $520,632.00. Following the transaction, the chief executive officer now directly owns 153,375 shares of the company’s stock, valued at approximately $4,753,091.25. This trade represents a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.24, for a total transaction of $171,200.00. Following the completion of the sale, the director now directly owns 35,665 shares of the company’s stock, valued at $1,221,169.60. The trade was a 12.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,265 shares of company stock worth $1,115,306 in the last ninety days. 10.97% of the stock is owned by insiders.

Analysts Set New Price Targets

SPT has been the topic of several recent analyst reports. Barclays cut their price target on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Oppenheimer reduced their target price on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 3rd. Scotiabank began coverage on shares of Sprout Social in a research note on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research note on Friday, November 8th. Finally, Piper Sandler decreased their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.46.

Sprout Social Stock Down 3.7 %

NASDAQ:SPT opened at $30.50 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $31.35 and a 200-day moving average of $31.43. The firm has a market capitalization of $1.75 billion, a PE ratio of -25.42 and a beta of 1.03. Sprout Social, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41.

Sprout Social (NASDAQ:SPT) last issued its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share 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 during the quarter, compared to analyst estimates of $102.04 million. Analysts predict that Sprout Social, Inc. will post -0.98 EPS for the current year.

Sprout Social Company Profile

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.