Squarepoint Ops LLC Makes New Investment in Sprout Social, Inc. $SPT

Squarepoint Ops LLC bought a new stake in Sprout Social, Inc. (NASDAQ:SPT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 82,318 shares of the company’s stock, valued at approximately $1,721,000.

Other institutional investors also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Sprout Social in the second quarter valued at about $880,000. CenterBook Partners LP lifted its holdings in shares of Sprout Social by 254.4% in the second quarter. CenterBook Partners LP now owns 118,840 shares of the company’s stock worth $2,485,000 after acquiring an additional 85,309 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Sprout Social by 20.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 237,415 shares of the company’s stock valued at $4,964,000 after purchasing an additional 40,223 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Sprout Social by 8.7% during the 2nd quarter. Jennison Associates LLC now owns 2,392,450 shares of the company’s stock valued at $50,026,000 after purchasing an additional 192,007 shares during the last quarter. Finally, Magnetar Financial LLC increased its position in Sprout Social by 357.9% during the 2nd quarter. Magnetar Financial LLC now owns 69,813 shares of the company’s stock worth $1,460,000 after purchasing an additional 54,567 shares in the last quarter.

Insider Transactions at Sprout Social

In related news, Director Aaron Edward Frederick Rankin acquired 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average cost of $11.14 per share, with a total value of $1,009,963.54. Following the completion of the purchase, the director directly owned 114,969 shares in the company, valued at $1,280,754.66. The trade was a 372.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Justyn Russell Howard sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $10.22, for a total value of $204,400.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at $75,801.74. The trade was a 72.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 10.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered their target price on Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.82.

Sprout Social Price Performance

SPT stock opened at $11.36 on Friday. The company has a market capitalization of $672.40 million, a P/E ratio of -14.02 and a beta of 0.79. The company has a fifty day moving average price of $10.52 and a 200-day moving average price of $14.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. Sprout Social, Inc. has a 52-week low of $9.16 and a 52-week high of $35.18.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $115.59 million during the quarter, compared to the consensus estimate of $114.86 million. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.Sprout Social’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. 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 expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

About Sprout Social

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.