Institutional Investors Weigh In On Sprout Social Corporate insiders own 13.33% of the company’s stock. In the last 90 days, insiders have sold 82,448 shares of company stock valued at $4,665,890. The disclosure for this sale can be found here. Following the sale, the president now directly owns 352,407 shares in the company, valued at approximately $20,548,852.17. The stock was sold at an average price of $58.31, for a total transaction of $333,416.58. Also, President Ryan Paul Barretto sold 5,718 shares of the business’s stock in a transaction dated Thursday, June 2nd. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Following the sale, the chief executive officer now owns 255,939 shares of the company’s stock, valued at $12,067,523.85. The shares were sold at an average price of $47.15, for a total transaction of $943,000.00. In related news, CEO Justyn Russell Howard sold 20,000 shares of the business’s stock in a transaction dated Monday, May 9th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Following the sale, the chief executive officer now owns 255,939 shares of the company’s stock, valued at approximately $12,067,523.85. In other news, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Monday, May 9th. On average, analysts predict that Sprout Social will post -0.74 earnings per share for the current year. During the same quarter in the previous year, the business earned ($0.12) EPS. Sprout Social’s revenue for the quarter was up 40.7% compared to the same quarter last year. Sprout Social had a negative return on equity of 28.39% and a negative net margin of 18.65%. The business had revenue of $57.43 million during the quarter, compared to analysts’ expectations of $56.25 million. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). Sprout Social ( NASDAQ:SPT – Get Rating) last issued its earnings results on Tuesday, May 3rd. According to, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.00. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Finally, Morgan Stanley cut their price target on shares of Sprout Social from $70.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Barclays cut their price target on shares of Sprout Social from $79.00 to $66.00 in a report on Wednesday. Cantor Fitzgerald decreased their target price on shares of Sprout Social from $99.00 to $80.00 in a research report on Wednesday, May 4th. Piper Sandler decreased their target price on shares of Sprout Social from $76.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday. Baird decreased their target price on shares of Sprout Social from $110.00 to $76.00 in a research report on Wednesday. Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 5.91% from the company’s previous close. The firm presently has a “buy” rating on the stock. Sprout Social ( NASDAQ:SPT – Get Rating) had its price objective dropped by analysts at Canaccord Genuity Group from $75.00 to $65.00 in a research note issued to investors on Thursday, The Fly reports.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |