6,721 Shares in Sprout Social, Inc. (NASDAQ:SPT) Bought by Yarbrough Capital LLC

Yarbrough Capital LLC bought a new stake in shares of Sprout Social, Inc. (NASDAQ:SPT) in the 4th quarter, HoldingsChannel reports. The fund bought 6,721 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Diversified Trust Co boosted its position in shares of Sprout Social by 8.1% during the fourth quarter. Diversified Trust Co now owns 17,044 shares of the company’s stock worth $523,000 after buying an additional 1,274 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sprout Social by 324.0% in the third quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock worth $11,714,000 after purchasing an additional 307,906 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sprout Social by 20.0% during the third quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock valued at $34,868,000 after purchasing an additional 200,190 shares during the period. Franklin Resources Inc. lifted its holdings in Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock valued at $576,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Sprout Social by 3.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 98,204 shares of the company’s stock valued at $2,855,000 after purchasing an additional 3,344 shares in the last quarter.

Insiders Place Their Bets

In other news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction dated 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 transaction, the insider now directly owns 27,136 shares in the company, valued at approximately $859,397.12. The trade was a 59.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Paul Barretto sold 13,465 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total value of $423,474.25. Following the transaction, the chief executive officer now directly owns 546,343 shares of the company’s stock, valued at $17,182,487.35. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,265 shares of company stock valued at $2,533,406 over the last 90 days. 10.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPT shares. Barclays reduced their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Oppenheimer reduced their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Sprout Social in a research report on Wednesday. Morgan Stanley upped their target price on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Scotiabank initiated coverage on shares of Sprout Social in a research note on Monday, November 18th. They set a “sector perform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprout Social currently has an average rating of “Hold” and a consensus price target of $44.54.

Sprout Social Trading Up 2.1 %

NASDAQ:SPT opened at $32.27 on Friday. The stock’s 50 day moving average price is $31.52 and its 200 day moving average price is $31.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The business had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. On average, analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

About Sprout Social

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.