Sprout Social (NASDAQ:SPT) Insider Justyn Russell Howard Sells 40,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $10.70, for a total value of $428,000.00. Following the completion of the transaction, the insider directly owned 7,417 shares in the company, valued at approximately $79,361.90. This represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

SPT stock opened at $9.79 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The company’s fifty day moving average price is $10.55 and its 200-day moving average price 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 market capitalization of $579.47 million, a PE ratio of -12.09 and a beta of 0.81.

Sprout Social (NASDAQ:SPT) 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 net margin of 10.59% and a negative return on equity of 18.93%. The company had revenue of $115.59 million for the quarter, compared to the consensus estimate of $114.86 million. During the same period in the previous year, the firm posted $0.13 EPS. Sprout Social’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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. On average, equities analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley lowered their target price on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Canaccord Genuity Group lowered their price objective on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Finally, Barclays decreased their target price on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.64.

Institutional Investors Weigh In On Sprout Social

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sprout Social by 4.4% in the third quarter. Vanguard Group Inc. now owns 6,548,401 shares of the company’s stock worth $84,605,000 after purchasing an additional 276,300 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Sprout Social by 9.8% in the third quarter. ArrowMark Colorado Holdings LLC now owns 4,723,921 shares of the company’s stock worth $61,033,000 after buying an additional 421,189 shares during the period. Jennison Associates LLC lifted its stake 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 worth $50,026,000 after acquiring an additional 192,007 shares during the last quarter. Topline Capital Management LLC purchased a new position in Sprout Social during the 3rd quarter valued at $17,555,000. Finally, Geode Capital Management LLC grew its position in Sprout Social by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,241,902 shares of the company’s stock valued at $25,971,000 after acquiring an additional 18,456 shares during the last quarter.

Sprout Social Company Profile

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.