Diversified Trust Co Purchases 852 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Diversified Trust Co raised its position in Sprout Social, Inc. (NASDAQ:SPT) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,207 shares of the company’s stock after purchasing an additional 852 shares during the period. Diversified Trust Co’s holdings in Sprout Social were worth $848,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SPT. Vanguard Group Inc. raised its position in Sprout Social by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company’s stock worth $253,609,000 after purchasing an additional 191,471 shares during the period. Wellington Management Group LLP raised its position in Sprout Social by 27.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,953,155 shares of the company’s stock worth $197,183,000 after purchasing an additional 853,127 shares during the period. Clearbridge Investments LLC raised its position in Sprout Social by 6.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,532,339 shares of the company’s stock worth $155,587,000 after purchasing an additional 153,642 shares during the period. Principal Financial Group Inc. raised its position in Sprout Social by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 867,629 shares of the company’s stock worth $53,307,000 after purchasing an additional 2,394 shares during the period. Finally, Victory Capital Management Inc. raised its position in Sprout Social by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 709,169 shares of the company’s stock worth $43,571,000 after purchasing an additional 56,907 shares during the period.

Sprout Social Trading Down 2.4 %

NASDAQ:SPT opened at $36.37 on Wednesday. Sprout Social, Inc. has a one year low of $25.68 and a one year high of $68.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $51.11.

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

Wall Street Analyst Weigh In

SPT has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Sprout Social from $65.00 to $49.00 and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Cantor Fitzgerald cut their price target on shares of Sprout Social from $74.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Piper Sandler lowered shares of Sprout Social from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $40.00 in a report on Friday, May 3rd. Barclays cut their price target on shares of Sprout Social from $72.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, The Goldman Sachs Group lowered shares of Sprout Social from a “buy” rating to a “neutral” rating and cut their price target for the stock from $80.00 to $44.00 in a report on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.57.

Insider Buying and Selling

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 22,000 shares of Sprout Social stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $56.95, for a total value of $1,252,900.00. Following the completion of the transaction, the director now directly owns 44,487 shares of the company’s stock, valued at $2,533,534.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 22,000 shares of Sprout Social stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $56.95, for a total value of $1,252,900.00. Following the completion of the transaction, the director now directly owns 44,487 shares of the company’s stock, valued at $2,533,534.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $28.50, for a total transaction of $570,000.00. Following the completion of the transaction, the chief executive officer now directly owns 406,636 shares of the company’s stock, valued at $11,589,126. The disclosure for this sale can be found here. Insiders have sold 108,870 shares of company stock valued at $4,638,548 over the last quarter. Corporate insiders own 10.97% of the company’s stock.

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.