Key Points
- Insider sale: Sprout Social insider Justyn Howard sold 10,895 shares for approximately $124,748 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 4.35% to 239,840 shares.
- Financial results: The company reported quarterly EPS of $0.26, beating estimates by $0.10, while revenue of $123.85 million also exceeded expectations. Sprout Social remains unprofitable, with a negative net margin of 6.13%.
- Market view: Analysts’ opinions are mixed, resulting in a consensus “Hold” rating and an average price target of $10.43, compared with the stock’s opening price of $11.37.
Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) insider Justyn Howard sold 10,895 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $11.45, for a total transaction of $124,747.75. Following the sale, the insider directly owned 239,840 shares of the company's stock, valued at approximately $2,746,168. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Justyn Russell Howard also recently made the following trade(s):
- On Friday, July 10th, Justyn Howard sold 40,000 shares of Sprout Social stock. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00.
Sprout Social Price Performance
Shares of SPT stock opened at $11.37 on Friday. Sprout Social, Inc. has a 52-week low of $4.92 and a 52-week high of $15.56. The stock has a market cap of $688.91 million, a PE ratio of -22.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The firm's 50 day moving average price is $9.12 and its two-hundred day moving average price is $7.35.
Sprout Social (NASDAQ:SPT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $123.85 million during the quarter, compared to analysts' expectations of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, analysts forecast that Sprout Social, Inc. will post -0.02 EPS for the current year.
Hedge Funds Weigh In On Sprout Social
Several institutional investors and hedge funds have recently modified their holdings of SPT. Brighton Jones LLC boosted its position in Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company's stock worth $1,105,000 after acquiring an additional 28,667 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Sprout Social in the 1st quarter valued at $365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $1,168,000 after buying an additional 1,265 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Sprout Social by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 325,750 shares of the company's stock valued at $7,163,000 after buying an additional 60,947 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Sprout Social during the first quarter worth $325,000.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SPT shares. Zacks Research raised Sprout Social from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Barclays upped their price target on Sprout Social from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Sprout Social from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. KeyCorp boosted their price objective on shares of Sprout Social from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Sprout Social in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.43.
Check Out Our Latest Stock Report on SPT
Sprout Social Company Profile
(
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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