Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) Director Sells 44,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPTGet Free Report) Director Aaron Edward Frederick Rankin sold 44,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.60, for a total value of $2,622,400.00. Following the completion of the sale, the director now directly owns 40,888 shares in the company, valued at approximately $2,436,924.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Aaron Edward Frederick Rankin also recently made the following trade(s):

  • On Thursday, January 4th, Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock. The shares were sold at an average price of $56.06, for a total value of $2,466,640.00.

Sprout Social Stock Up 1.8 %

Shares of NASDAQ:SPT opened at $60.74 on Thursday. The firm has a market cap of $3.40 billion, a P/E ratio of -57.30 and a beta of 1.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.52. Sprout Social, Inc. has a 12-month low of $37.00 and a 12-month high of $68.30. The business has a fifty day simple moving average of $60.45 and a 200 day simple moving average of $53.35.

Analyst Ratings Changes

SPT has been the topic of a number of research analyst reports. Jefferies Financial Group started coverage on Sprout Social in a report on Wednesday. They issued a “buy” rating and a $76.00 target price on the stock. The Goldman Sachs Group increased their price target on Sprout Social from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Piper Sandler increased their price target on Sprout Social from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Sprout Social in a research note on Friday, January 19th. Finally, KeyCorp dropped their price target on Sprout Social from $62.00 to $58.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Get Our Latest Analysis on Sprout Social

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in Sprout Social during the 2nd quarter worth about $29,000. Acadian Asset Management LLC acquired a new stake in Sprout Social during the 1st quarter worth about $32,000. RiverPark Advisors LLC acquired a new stake in Sprout Social during the 3rd quarter worth about $37,000. Arcadia Investment Management Corp MI grew its stake in shares of Sprout Social by 40.3% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock valued at $38,000 after buying an additional 220 shares during the period. Finally, Guinness Atkinson Asset Management Inc acquired a new stake in shares of Sprout Social in the 3rd quarter valued at about $40,000.

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.

Read More

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

Receive News & Ratings for Sprout Social Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprout Social and related companies with MarketBeat.com's FREE daily email newsletter.