Ceera Investments LLC Buys 8,343 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Ceera Investments LLC boosted its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 85.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,160 shares of the company’s stock after acquiring an additional 8,343 shares during the quarter. Ceera Investments LLC’s holdings in Sprout Social were worth $558,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake 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 buying an additional 200,190 shares during the last quarter. Assetmark Inc. grew its stake in shares of Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after buying an additional 801 shares during the last quarter. Versor Investments LP bought a new position in shares of Sprout Social during the third quarter valued at approximately $393,000. Entropy Technologies LP bought a new position in shares of Sprout Social during the third quarter valued at approximately $265,000. Finally, Impax Asset Management Group plc grew its stake in shares of Sprout Social by 46.6% during the third quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock valued at $5,486,000 after buying an additional 60,000 shares during the last quarter.

Insider Activity at Sprout Social

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.24, for a total transaction of $171,200.00. Following the sale, the director now directly owns 35,665 shares of the company’s stock, valued at approximately $1,221,169.60. This trade represents a 12.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the 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 sale, the insider now directly owns 27,136 shares in the company, valued at $859,397.12. This represents a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock valued at $3,413,532 in the last ninety days. Company insiders own 10.97% of the company’s stock.

Sprout Social Price Performance

NASDAQ SPT opened at $24.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $30.91 and its 200 day moving average price is $30.22. Sprout Social, Inc. has a 1 year low of $24.00 and a 1 year high of $62.34. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -20.44 and a beta of 1.11.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. As a group, equities research analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Analysts Set New Price Targets

SPT has been the topic of a number of analyst reports. Scotiabank cut their target price on Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Oppenheimer cut their target price on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. The Goldman Sachs Group dropped their price objective on Sprout Social from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group dropped their price objective on Sprout Social from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC dropped their price objective on Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.85.

Sprout Social 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.