Teachers Retirement System of The State of Kentucky Has $2.86 Million Stake in Sprout Social, Inc. (NASDAQ:SPT)

Teachers Retirement System of The State of Kentucky grew its position in Sprout Social, Inc. (NASDAQ:SPT) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,204 shares of the company’s stock after purchasing an additional 3,344 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sprout Social were worth $2,855,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SPT. Allspring Global Investments Holdings LLC lifted its holdings in Sprout Social by 98.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 664,970 shares of the company’s stock valued at $23,726,000 after buying an additional 330,309 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sprout Social by 28.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,463 shares of the company’s stock worth $445,000 after acquiring an additional 2,729 shares in the last quarter. LB Partners LLC acquired a new position in shares of Sprout Social in the 2nd quarter valued at about $714,000. Principal Financial Group Inc. lifted its stake in shares of Sprout Social by 13.4% in the 2nd quarter. Principal Financial Group Inc. now owns 999,261 shares of the company’s stock valued at $35,654,000 after purchasing an additional 118,160 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in shares of Sprout Social by 11.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 169,049 shares of the company’s stock valued at $6,032,000 after purchasing an additional 17,136 shares in the last quarter.

Sprout Social Stock Performance

Shares of SPT opened at $33.93 on Friday. Sprout Social, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $29.65 and a two-hundred day moving average price of $31.61. The firm has a market capitalization of $1.95 billion, a P/E ratio of -28.28 and a beta of 1.03.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The company had revenue of $102.64 million during the quarter, compared to analysts’ expectations of $102.04 million. Equities analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPT has been the subject of a number of research analyst reports. Scotiabank assumed coverage on Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Sprout Social in a research note on Friday, November 8th. KeyCorp downgraded shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 target price on the stock. in a research report on Thursday, August 22nd. Oppenheimer reduced their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Finally, Barclays dropped their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.46.

Insider Activity

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $28.23, for a total value of $564,600.00. Following the completion of the transaction, the insider now owns 7,417 shares in the company, valued at $209,381.91. This represents a 72.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Preto Joseph Del sold 1,500 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $28.27, for a total value of $42,405.00. Following the sale, the chief financial officer now directly owns 158,614 shares of the company’s stock, valued at approximately $4,484,017.78. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,765 shares of company stock worth $1,505,079 over the last quarter. Insiders own 10.97% of the company’s stock.

Sprout Social 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.