Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells $440,800.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $11.02, for a total transaction of $440,800.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $81,735.34. This represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Justyn Howard sold 10,895 shares of Sprout Social stock. The shares were sold at an average price of $11.45, for a total value of $124,747.75.

Sprout Social Trading Up 1.4%

Shares of SPT stock traded up $0.15 on Tuesday, reaching $11.20. 537,762 shares of the company’s stock were exchanged, compared to its average volume of 1,427,072. The company’s fifty day simple moving average is $10.34 and its 200 day simple moving average is $8.12. Sprout Social, Inc. has a 52 week low of $4.92 and a 52 week high of $12.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $678.61 million, a PE ratio of -22.40 and a beta of 1.01.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%. The company had revenue of $123.85 million for the quarter, compared to the consensus estimate of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, analysts forecast that Sprout Social, Inc. will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen raised Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. KeyCorp lifted their target price on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Barclays boosted their target price on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley increased their price target on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprout Social has an average rating of “Hold” and a consensus price target of $10.43.

Institutional Trading of Sprout Social

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Sprout Social by 10.7% in the first quarter. SG Americas Securities LLC now owns 34,463 shares of the company’s stock valued at $196,000 after purchasing an additional 3,319 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sprout Social by 115.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after buying an additional 3,417 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in Sprout Social by 15.4% during the 2nd quarter. WINTON GROUP Ltd now owns 27,000 shares of the company’s stock worth $204,000 after buying an additional 3,600 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Sprout Social by 27.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,889 shares of the company’s stock worth $119,000 after buying an additional 4,467 shares in the last quarter. Finally, Essential Partners LLC boosted its position in Sprout Social by 724.9% in the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock valued at $37,000 after buying an additional 5,756 shares during the period.

Sprout Social Company Profile

Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.

The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.