Duality Advisers LP Has $470,000 Stake in Sprout Social, Inc. (NASDAQ:SPT)

Duality Advisers LP boosted its stake in Sprout Social, Inc. (NASDAQ:SPT) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,652 shares of the company’s stock after buying an additional 928 shares during the quarter. Duality Advisers LP’s holdings in Sprout Social were worth $470,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. RiverPark Advisors LLC acquired a new stake in Sprout Social in the 3rd quarter valued at $37,000. Arcadia Investment Management Corp MI boosted its stake in Sprout Social by 40.3% in the third quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Guinness Atkinson Asset Management Inc acquired a new position in Sprout Social in the third quarter worth $40,000. DekaBank Deutsche Girozentrale acquired a new position in Sprout Social in the third quarter worth $47,000. Finally, PNC Financial Services Group Inc. boosted its stake in Sprout Social by 14.8% in the third quarter. PNC Financial Services Group Inc. now owns 2,500 shares of the company’s stock worth $125,000 after purchasing an additional 323 shares in the last quarter.

Insider Activity at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 44,000 shares of the stock in a transaction dated Monday, February 5th. The stock was 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 $2,436,924.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sprout Social news, CFO Preto Joseph Del sold 1,500 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.71, for a total value of $89,565.00. Following the completion of the sale, the chief financial officer now directly owns 127,322 shares in the company, valued at $7,602,396.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aaron Edward Frederick Rankin sold 44,000 shares of the stock in a transaction dated Monday, February 5th. The stock was 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 owns 40,888 shares of the company’s stock, valued at $2,436,924.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,200 shares of company stock worth $8,171,958. 10.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SPT shares. Jefferies Financial Group started coverage on Sprout Social in a research note on Wednesday, February 7th. They issued a “buy” rating and a $76.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Morgan Stanley dropped their target price on Sprout Social from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Canaccord Genuity Group restated a “buy” rating and set a $70.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $74.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.57.

Sprout Social Trading Down 2.1 %

NASDAQ SPT opened at $51.36 on Friday. The stock has a 50-day simple moving average of $58.04 and a 200 day simple moving average of $56.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. Sprout Social, Inc. has a 12 month low of $37.00 and a 12 month high of $68.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $93.58 million during the quarter, compared to the consensus estimate of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. On average, analysts expect that Sprout Social, Inc. will post -1.17 earnings per share for the current fiscal year.

Sprout Social Company 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.