1 week Ago By ABMN Staff
Sprout Social, Inc. ( NASDAQ:SPT – Get Free Report ) CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $19.
90, for a total value of $334,320.00. Following the sale, the chief executive officer now owns 136,575 shares in the company, valued at approximately $2,717,842.
50. The trade was a 10.95 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Sprout Social Trading Down 3.7 % Shares of SPT stock opened at $19.
20 on Wednesday. The stock has a 50 day simple moving average of $26.76 and a 200-day simple moving average of $29.
19. Sprout Social, Inc. has a 1-year low of $18.
72 and a 1-year high of $59.04. The company has a market cap of $1.
11 billion, a price-to-earnings ratio of -16.00 and a beta of 1.11.
The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.
96. Sprout Social ( NASDAQ:SPT – Get Free Report ) last posted its quarterly earnings data 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 company had revenue of $107.09 million for the quarter, compared to analysts’ expectations 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, equities research analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.
Institutional Investors Weigh In On Sprout Social Wall Street Analyst Weigh In A number of equities research analysts recently commented on SPT shares. The Goldman Sachs Group dropped their target price on Sprout Social from $34.00 to $29.
00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group upped their price objective on shares of Sprout Social from $34.00 to $42.
00 and gave the company a “buy” rating in a report on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Sprout Social from $37.00 to $30.
00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on shares of Sprout Social from $45.00 to $34.
00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank reduced their price objective on Sprout Social from $28.00 to $25.
00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. 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, Sprout Social has a consensus rating of “Hold” and an average target price of $33.85. Get Our Latest Analysis on SPT About Sprout Social ( Get 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. Read More 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.com's FREE daily email newsletter .
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