Key Points
- Insider sale: Justyn Russell Howard sold 40,000 Sprout Social shares for approximately $440,800 at an average price of $11.02 under a pre-arranged Rule 10b5-1 plan. His remaining stake fell 84.36% to 7,417 shares.
- Recent performance: Sprout Social reported quarterly EPS of $0.26, exceeding the $0.16 analyst consensus, while revenue of $123.85 million also topped estimates. The company continues to report negative net margins and return on equity.
- Mixed analyst view: Recent upgrades included Strong Buy ratings from Wall Street Zen and Zacks Research, but the overall consensus remains Hold, with an average price target of $10.43 versus the stock’s $11.20 opening price.
Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) insider Justyn Howard sold 40,000 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $11.02, for a total value of $440,800.00. Following the transaction, the insider directly owned 7,417 shares in the company, valued at $81,735.34. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Justyn Russell Howard also recently made the following trade(s):
- On Wednesday, September 2nd, Justyn Howard sold 10,895 shares of Sprout Social stock. The shares were sold at an average price of $11.45, for a total transaction of $124,747.75.
Sprout Social Price Performance
Shares of NASDAQ SPT opened at $11.20 on Wednesday. The stock has a market cap of $678.61 million, a P/E ratio of -22.40 and a beta of 1.01. The firm's 50-day simple moving average is $10.39 and its 200 day simple moving average is $8.16. Sprout Social, Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $12.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14.
Sprout Social (NASDAQ:SPT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. The firm had revenue of $123.85 million during the quarter, compared to analyst estimates 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. Equities analysts expect that Sprout Social, Inc. will post -0.02 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Essential Partners LLC grew its holdings in Sprout Social by 724.9% during the first quarter. Essential Partners LLC now owns 6,550 shares of the company's stock worth $37,000 after acquiring an additional 5,756 shares during the period. GAMMA Investing LLC raised its position in Sprout Social by 115.8% in the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company's stock worth $48,000 after acquiring an additional 3,417 shares in the last quarter. Commonwealth Financial Services LLC acquired a new stake in Sprout Social in the 1st quarter valued at about $58,000. Integrated Wealth Concepts LLC acquired a new stake in Sprout Social in the 2nd quarter valued at about $84,000. Finally, Versant Capital Management Inc lifted its holdings in Sprout Social by 4,977.4% in the 2nd quarter. Versant Capital Management Inc now owns 11,932 shares of the company's stock valued at $90,000 after acquiring an additional 11,697 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on SPT. Wall Street Zen raised shares of Sprout Social from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of Sprout Social from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Morgan Stanley boosted their target price on Sprout Social from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. KeyCorp boosted their target price on Sprout Social from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Sprout Social in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Sprout Social currently has an average rating of "Hold" and an average price target of $10.43.
Get Our Latest Analysis on Sprout Social
About Sprout Social
(
Get Free Report)
Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.
The company's platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.
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