Justyn Russell Howard Sells 40,000 Shares of Sprout Social (NASDAQ:SPT) 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 Wednesday, March 11th. The stock was sold at an average price of $5.96, for a total value of $238,400.00. Following the completion of the sale, the insider owned 7,417 shares of the company’s stock, valued at $44,205.32. The trade was a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Justyn Russell Howard also recently made the following trade(s):

• On Tuesday, March 3rd, Justyn Russell Howard sold 23,855 shares of Sprout Social stock. The shares were sold at an average price of $6.76, for a total transaction of $161,259.80.
• On Friday, January 9th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00.

Sprout Social Trading Down 2.0%

SPT stock opened at $5.86 on Friday. The company has a market capitalization of $346.85 million, a PE ratio of -7.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 0.93. Sprout Social, Inc. has a one year low of $5.70 and a one year high of $25.81. The company’s 50 day moving average price is $8.16 and its two-hundred day moving average price is $10.57.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $120.89 million during the quarter, compared to analysts’ expectations of $118.68 million. Sprout Social had a negative net margin of 9.47% and a negative return on equity of 16.10%. 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 predict that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Trading of Sprout Social

A number of hedge funds and other institutional investors have recently modified their holdings of SPT. Invesco Ltd. lifted its position in Sprout Social by 38.6% during the 4th quarter. Invesco Ltd. now owns 76,775 shares of the company’s stock valued at $865,000 after acquiring an additional 21,399 shares during the period. State of Tennessee Department of Treasury grew its holdings in Sprout Social by 228.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 38,071 shares of the company’s stock worth $429,000 after purchasing an additional 26,474 shares during the period. EP Wealth Advisors LLC purchased a new stake in Sprout Social in the fourth quarter worth about $114,000. Mackenzie Financial Corp increased its stake in shares of Sprout Social by 225.9% during the fourth quarter. Mackenzie Financial Corp now owns 126,143 shares of the company’s stock valued at $1,435,000 after purchasing an additional 87,434 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Sprout Social during the fourth quarter valued at approximately $440,000.

Analysts Set New Price Targets

Several research analysts have recently commented on SPT shares. Wall Street Zen upgraded Sprout Social from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. The Goldman Sachs Group dropped their target price on Sprout Social from $13.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. KeyCorp reduced their price target on Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group lowered their price objective on Sprout Social from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.67.

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.