Key Points
- Insider sale: Justyn Russell Howard sold 40,000 Sprout Social shares on Jan. 9 at an average price of $10.70 for $428,000, cutting his ownership by 84.36% to 7,417 shares (≈$79,362).
- Howard previously sold 20,000 shares on Nov. 4 at $10.22, indicating continued insider selling over recent months.
- Sprout Social beat Q3 estimates with EPS of $0.23 (vs. $0.16) and $115.6M revenue and gave FY2025 EPS guidance of 0.770–0.790, but remains unprofitable on margin and carries a consensus "Hold" rating with a $24.64 price target.
Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) insider Justyn Russell Howard sold 40,000 shares of the company's stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00. Following the completion of the transaction, the insider owned 7,417 shares in the company, valued at approximately $79,361.90. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Justyn Russell Howard also recently made the following trade(s):
- On Tuesday, November 4th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The shares were sold at an average price of $10.22, for a total transaction of $204,400.00.
Sprout Social Price Performance
Shares of SPT stock opened at $9.79 on Wednesday. The company has a market capitalization of $579.47 million, a P/E ratio of -12.09 and a beta of 0.81. The company's 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $13.45. Sprout Social, Inc. has a one year low of $9.16 and a one year high of $35.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.
Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The firm had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. Sprout Social's quarterly revenue was up 12.7% on a year-over-year basis. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS and its Q4 2025 guidance at 0.150-0.170 EPS. As a group, equities analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in shares of Sprout Social by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company's stock worth $32,000 after acquiring an additional 675 shares in the last quarter. Diversified Trust Co increased its position in shares of Sprout Social by 6.1% during the third quarter. Diversified Trust Co now owns 17,982 shares of the company's stock worth $232,000 after purchasing an additional 1,040 shares in the last quarter. Rhumbline Advisers increased its position in shares of Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company's stock worth $1,636,000 after purchasing an additional 1,264 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sprout Social by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company's stock valued at $1,168,000 after purchasing an additional 1,265 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company's stock worth $115,000 after purchasing an additional 1,962 shares in the last quarter.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Weiss Ratings restated a "sell (e+)" rating on shares of Sprout Social in a report on Wednesday, October 8th. Morgan Stanley reduced their price target on shares of Sprout Social from $17.00 to $14.00 and set an "equal weight" rating for the company in a report on Thursday, November 13th. Canaccord Genuity Group dropped their price objective on shares of Sprout Social from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 7th. Finally, Barclays cut their price objective on shares of Sprout Social from $26.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.64.
Read Our Latest Stock Report on SPT
About Sprout Social
(
Get Free Report)
Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social's platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.
The company's product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.
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