Y Intercept Hong Kong Ltd Boosts Stock Position in Sprout Social, Inc. $SPT

Y Intercept Hong Kong Ltd boosted its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 121.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,403 shares of the company’s stock after acquiring an additional 244,874 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.76% of Sprout Social worth $5,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Sprout Social by 391.7% during the fourth quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after purchasing an additional 28,667 shares during the period. AQR Capital Management LLC purchased a new position in Sprout Social during the 1st quarter worth $365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sprout Social by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,265 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 60,947 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Sprout Social during the first quarter worth about $325,000.

Insider Buying and Selling

In related news, Director Aaron Edward Frederick Rankin bought 90,661 shares of the stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the acquisition, the director owned 114,969 shares in the company, valued at $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Paul Barretto purchased 93,984 shares of the company’s stock in a transaction on Friday, January 9th. The shares were bought at an average cost of $10.67 per share, with a total value of $1,002,809.28. Following the transaction, the chief executive officer directly owned 875,256 shares of the company’s stock, valued at $9,338,981.52. This represents a 12.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 10.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPT. Canaccord Genuity Group lowered their price objective on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Morgan Stanley dropped their price objective on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Barclays reduced their target price on Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Thursday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.64.

Sprout Social Trading Down 0.1%

Shares of SPT stock opened at $9.80 on Friday. The stock has a market cap of $580.05 million, a P/E ratio of -12.10 and a beta of 0.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. Sprout Social, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $35.18. The business has a fifty day simple moving average of $10.44 and a 200-day simple moving average of $12.87.

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

Sprout Social 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.