Moody National Bank Trust Division Decreases Stake in Sprout Social, Inc. (NASDAQ:SPT)

Moody National Bank Trust Division reduced its stake in shares of Sprout Social, Inc. (NASDAQ:SPTFree Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,969 shares of the company’s stock after selling 8,473 shares during the period. Moody National Bank Trust Division owned approximately 0.13% of Sprout Social worth $4,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Sprout Social by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company’s stock valued at $253,609,000 after buying an additional 191,471 shares during the last quarter. Baillie Gifford & Co. increased its position in Sprout Social by 244.1% during the 3rd quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company’s stock worth $219,692,000 after purchasing an additional 3,124,376 shares in the last quarter. BlackRock Inc. raised its stake in Sprout Social by 1.7% in the 1st quarter. BlackRock Inc. now owns 3,958,956 shares of the company’s stock valued at $241,021,000 after purchasing an additional 67,321 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 valued at $197,183,000 after purchasing an additional 853,127 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in Sprout Social by 15.0% in the 2nd quarter. Macquarie Group Ltd. now owns 2,779,197 shares of the company’s stock worth $161,388,000 after acquiring an additional 363,381 shares during the period.

Sprout Social Price Performance

NASDAQ:SPT traded up $1.72 during midday trading on Wednesday, hitting $57.33. 452,748 shares of the stock were exchanged, compared to its average volume of 604,350. Sprout Social, Inc. has a one year low of $37.00 and a one year high of $68.41. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -47.77 and a beta of 1.06. The business has a 50-day moving average price of $61.43 and a two-hundred day moving average price of $55.75. 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 (NASDAQ:SPTGet Free Report) last announced its earnings results on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Sprout Social had a negative return on equity of 41.25% and a negative net margin of 19.91%. The firm had revenue of $93.58 million for the quarter, compared to the consensus estimate of $90.76 million. Sell-side analysts predict that Sprout Social, Inc. will post -1.17 EPS for the current year.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, CEO Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $58.36, for a total value of $2,334,400.00. Following the transaction, the chief executive officer now owns 287,912 shares of the company’s stock, valued at $16,802,544.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 44,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $56.06, for a total transaction of $2,466,640.00. Following the sale, the director now directly owns 40,888 shares of the company’s stock, valued at approximately $2,292,181.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $58.36, for a total transaction of $2,334,400.00. Following the sale, the chief executive officer now directly owns 287,912 shares in the company, valued at $16,802,544.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,200 shares of company stock valued at $9,414,346. Corporate insiders own 11.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SPT. Canaccord Genuity Group restated a “buy” rating and set a $70.00 price objective on shares of Sprout Social in a research note on Wednesday, February 21st. Jefferies Financial Group began coverage on shares of Sprout Social in a research report on Wednesday, February 7th. They issued a “buy” rating and a $76.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and set a $74.00 target price on shares of Sprout Social in a research note on Wednesday, February 21st. Piper Sandler raised their target price on Sprout Social from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus raised their target price on Sprout Social from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Sprout Social has an average rating of “Moderate Buy” and a consensus price target of $69.62.

View Our Latest Research Report on Sprout Social

About Sprout Social

(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. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.

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Institutional Ownership by Quarter for Sprout Social (NASDAQ:SPT)

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