Mount Yale Investment Advisors LLC Purchases Shares of 4,235 Sprout Social, Inc. (NASDAQ:SPT)

Mount Yale Investment Advisors LLC purchased a new stake in Sprout Social, Inc. (NASDAQ:SPT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,235 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPT. WoodTrust Financial Corp grew its holdings in Sprout Social by 13.2% in the 4th quarter. WoodTrust Financial Corp now owns 22,300 shares of the company’s stock valued at $1,370,000 after buying an additional 2,600 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Sprout Social by 4,050.3% in the 4th quarter. International Assets Investment Management LLC now owns 6,267 shares of the company’s stock valued at $385,000 after purchasing an additional 6,116 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Sprout Social by 169.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 2,434 shares of the company’s stock valued at $150,000 after purchasing an additional 1,530 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Sprout Social by 9.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,944 shares of the company’s stock valued at $3,437,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sprout Social by 9.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,046 shares of the company’s stock valued at $679,000 after purchasing an additional 931 shares in the last quarter.

Insider Activity at Sprout Social

In related news, Director Aaron Edward Frederick Rankin sold 1,184 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total value of $38,053.76. Following the sale, the director now owns 43,303 shares of the company’s stock, valued at approximately $1,391,758.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Aaron Edward Frederick Rankin sold 1,184 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total value of $38,053.76. Following the sale, the director now owns 43,303 shares of the company’s stock, valued at approximately $1,391,758.42. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.50, for a total value of $570,000.00. Following the completion of the transaction, the chief executive officer now owns 406,636 shares of the company’s stock, valued at approximately $11,589,126. The disclosure for this sale can be found here. Insiders have sold a total of 92,470 shares of company stock valued at $3,063,248 in the last 90 days. 10.97% of the stock is owned by corporate insiders.

Sprout Social Stock Down 0.5 %

SPT stock traded down $0.21 during mid-day trading on Tuesday, hitting $38.16. The stock had a trading volume of 34,194 shares, compared to its average volume of 856,858. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. Sprout Social, Inc. has a 1-year low of $25.68 and a 1-year high of $68.41. The company has a fifty day moving average of $34.67 and a 200 day moving average of $47.87. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -30.70 and a beta of 1.00.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.10. The company had revenue of $96.78 million during the quarter, compared to the consensus estimate of $97.29 million. Sprout Social had a negative return on equity of 42.51% and a negative net margin of 19.64%. On average, equities analysts expect that Sprout Social, Inc. will post -0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPT shares. Canaccord Genuity Group reduced their price objective on Sprout Social from $70.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Oppenheimer reduced their price target on Sprout Social from $76.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Morgan Stanley dropped their price objective on Sprout Social from $65.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. The Goldman Sachs Group downgraded Sprout Social from a “buy” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $44.00 in a report on Friday, May 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Sprout Social in a report on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.43.

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.