Swiss National Bank Has $3.05 Million Holdings in Sprout Social, Inc. (NASDAQ:SPT)

Swiss National Bank lifted its stake in Sprout Social, Inc. (NASDAQ:SPT) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,141 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Swiss National Bank owned approximately 0.17% of Sprout Social worth $3,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in Sprout Social in the 3rd quarter valued at approximately $448,000. Charles Schwab Investment Management Inc. increased its position in shares of Sprout Social by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 410,411 shares of the company’s stock valued at $11,931,000 after purchasing an additional 8,028 shares during the period. FMR LLC raised its stake in shares of Sprout Social by 21.4% in the third quarter. FMR LLC now owns 48,599 shares of the company’s stock valued at $1,413,000 after purchasing an additional 8,553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Sprout Social by 12.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,002 shares of the company’s stock worth $407,000 after purchasing an additional 1,539 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Sprout Social by 362.8% during the third quarter. Edgestream Partners L.P. now owns 125,742 shares of the company’s stock worth $3,655,000 after buying an additional 98,574 shares in the last quarter.

Sprout Social Trading Down 3.7 %

SPT opened at $24.40 on Thursday. Sprout Social, Inc. has a 1-year low of $22.95 and a 1-year high of $62.34. The stock has a market capitalization of $1.41 billion, a PE ratio of -20.33 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $29.16 and a two-hundred day moving average price of $29.63.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The company had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. As a group, equities analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Sprout Social from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Barclays cut their price target on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. Oppenheimer lowered their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. Stifel Nicolaus cut their target price on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered their price target on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.85.

Insider Transactions at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 23,646 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $24.58, for a total transaction of $581,218.68. Following the completion of the sale, the director now owns 42,122 shares in the company, valued at approximately $1,035,358.76. The trade was a 35.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the transaction, the insider now owns 27,136 shares in the company, valued at $859,397.12. This represents a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,446 shares of company stock worth $3,823,551 over the last 90 days. 10.97% of the stock is owned by insiders.

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.