Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del Sells 1,500 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) CFO Preto Joseph Del sold 1,500 shares of Sprout Social stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.71, for a total value of $89,565.00. Following the transaction, the chief financial officer now owns 127,322 shares of the company’s stock, valued at $7,602,396.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Preto Joseph Del also recently made the following trade(s):

  • On Tuesday, January 2nd, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $62.11, for a total value of $93,165.00.

Sprout Social Stock Up 0.6 %

NASDAQ:SPT opened at $59.65 on Wednesday. The stock has a 50-day simple moving average of $60.39 and a 200-day simple moving average of $53.30. Sprout Social, Inc. has a 1 year low of $37.00 and a 1 year high of $68.30. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

SPT has been the subject of several recent research reports. KeyCorp reduced their price target on Sprout Social from $62.00 to $58.00 and set an “overweight” rating for the company in a research report on Monday, October 23rd. Cantor Fitzgerald upgraded Sprout Social from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $74.00 in a research report on Tuesday, January 2nd. Piper Sandler lifted their price target on Sprout Social from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Barclays lifted their price target on Sprout Social from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Finally, Stephens started coverage on Sprout Social in a research note on Tuesday, October 10th. They set an “overweight” rating and a $78.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Get Our Latest Report on SPT

Institutional Trading of Sprout Social

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its holdings in shares of Sprout Social by 9.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 8,500 shares of the company’s stock valued at $392,000 after acquiring an additional 700 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Sprout Social by 8.9% in the second quarter. Peregrine Capital Management LLC now owns 195,445 shares of the company’s stock valued at $9,022,000 after buying an additional 16,030 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Sprout Social by 28.5% during the second quarter. Baillie Gifford & Co. now owns 1,280,026 shares of the company’s stock worth $59,086,000 after buying an additional 284,222 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Sprout Social by 16.7% during the third quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the company’s stock worth $355,000 after buying an additional 1,020 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Sprout Social by 14.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 39,196 shares of the company’s stock valued at $1,810,000 after acquiring an additional 4,929 shares during the period.

About Sprout Social

(Get Free Report)

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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.

Further Reading

Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

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