Vanguard Group Inc. Purchases 276,300 Shares of Sprout Social, Inc. $SPT

Vanguard Group Inc. raised its position in Sprout Social, Inc. (NASDAQ:SPT) by 4.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,548,401 shares of the company’s stock after buying an additional 276,300 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Sprout Social worth $84,605,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its stake in shares of Sprout Social by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock worth $32,000 after acquiring an additional 675 shares in the last quarter. Diversified Trust Co lifted its position in shares of Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock worth $232,000 after purchasing an additional 1,040 shares in the last quarter. Rhumbline Advisers boosted its holdings in Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after purchasing an additional 1,264 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Sprout Social by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock valued at $1,168,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Sprout Social by 55.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock valued at $115,000 after purchasing an additional 1,962 shares in the last quarter.

Sprout Social Stock Up 4.3%

Sprout Social stock opened at $7.04 on Friday. The company’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $10.93. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. The stock has a market cap of $416.69 million, a P/E ratio of -9.51 and a beta of 0.94. Sprout Social, Inc. has a twelve month low of $6.03 and a twelve month high of $26.38.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $120.89 million for the quarter, compared to analyst estimates of $118.68 million. Sprout Social had a negative return on equity of 16.10% and a negative net margin of 9.47%.Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. As a group, analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC cut their price target on shares of Sprout Social from $32.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Wall Street Zen downgraded Sprout Social from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Barclays dropped their target price on Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group lowered their price target on Sprout Social from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Sprout Social presently has a consensus rating of “Hold” and a consensus target price of $13.67.

Insiders Place Their Bets

In other news, Director Aaron Edward Frederick Rankin bought 90,661 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $11.14 per share, with a total value of $1,009,963.54. Following the completion of the acquisition, the director owned 114,969 shares of the company’s stock, valued at $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $10.70, for a total transaction of $428,000.00. Following the completion of the sale, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $79,361.90. The trade was a 84.36% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 10.12% of the company’s stock.

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.