Sprout Social (SPT) Projected to Post Earnings on Tuesday

Sprout Social (NASDAQ:SPT) will likely be releasing its earnings data after the market closes on Tuesday, February 25th. Analysts expect Sprout Social to post earnings of $0.15 per share and revenue of $106.74 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Sprout Social Trading Down 1.9 %

Shares of Sprout Social stock opened at $28.41 on Monday. The stock has a market cap of $1.63 billion, a P/E ratio of -23.67 and a beta of 1.06. The stock’s 50 day simple moving average is $32.14 and its 200-day simple moving average is $30.61. Sprout Social has a 1-year low of $25.05 and a 1-year high of $65.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Insider Buying and Selling at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total transaction of $1,266,800.00. Following the transaction, the insider now owns 27,136 shares of the company’s stock, valued at $859,397.12. This trade represents a 59.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Paul Barretto sold 13,465 shares of the firm’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 in the company, valued at approximately $17,182,487.35. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,265 shares of company stock worth $3,837,006 over the last ninety days. Corporate insiders own 10.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPT. Jefferies Financial Group boosted their target price on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Piper Sandler decreased their price objective on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Sprout Social in a report on Wednesday, January 15th. Morgan Stanley upped their price objective on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Scotiabank started coverage on Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.58.

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.