Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) Director Aaron Edward Frederick Rankin sold 1,181 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the sale, the director now directly owns 42,122 shares of the company’s stock, valued at $1,231,226.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sprout Social Stock Down 2.8 %
Shares of SPT traded down $0.80 during midday trading on Thursday, reaching $28.29. 681,307 shares of the stock were exchanged, compared to its average volume of 819,085. Sprout Social, Inc. has a 12-month low of $25.68 and a 12-month high of $68.41. The firm has a 50 day simple moving average of $34.35 and a 200-day simple moving average of $42.30. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -22.63 and a beta of 0.98.
Sprout Social (NASDAQ:SPT – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Sprout Social had a negative return on equity of 44.38% and a negative net margin of 19.60%. The company had revenue of $99.40 million during the quarter, compared to the consensus estimate of $98.70 million. During the same period last year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 25.3% on a year-over-year basis. Research analysts forecast that Sprout Social, Inc. will post -0.88 EPS for the current year.
Analysts Set New Price Targets
View Our Latest Research Report on SPT
Hedge Funds Weigh In On Sprout Social
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPT. Fidelis Capital Partners LLC acquired a new stake in shares of Sprout Social in the first quarter worth $27,000. EntryPoint Capital LLC bought a new position in Sprout Social in the 1st quarter worth $37,000. Covestor Ltd lifted its position in Sprout Social by 35,450.0% during the 1st quarter. Covestor Ltd now owns 711 shares of the company’s stock worth $42,000 after acquiring an additional 709 shares during the last quarter. Quarry LP boosted its holdings in Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after acquiring an additional 751 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Sprout Social in the first quarter valued at about $61,000.
About Sprout Social
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.
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