Insider Buying: Sprout Social (NASDAQ:SPT) Director Acquires 90,661 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Aaron Edward Frederick Rankin bought 90,661 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $11.14 per share, with a total value of $1,009,963.54. Following the acquisition, the director directly owned 114,969 shares in the company, valued at approximately $1,280,754.66. This trade represents a 372.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sprout Social Trading Up 1.8%

Shares of SPT stock traded up $0.20 during mid-day trading on Thursday, reaching $11.23. The company’s stock had a trading volume of 1,060,973 shares, compared to its average volume of 908,214. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $664.70 million, a PE ratio of -13.86 and a beta of 0.79. The company’s 50 day simple moving average is $10.52 and its 200-day simple moving average is $14.83. Sprout Social, Inc. has a 12-month low of $9.16 and a 12-month high of $35.18.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $115.59 million for the quarter, compared to analyst estimates of $114.86 million. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.Sprout Social’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $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, research analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPT shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Morgan Stanley decreased their price objective on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Finally, Canaccord Genuity Group cut their target price on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sprout Social has a consensus rating of “Hold” and a consensus price target of $25.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its position in Sprout Social by 85.2% in the 1st quarter. Quarry LP now owns 1,463 shares of the company’s stock valued at $32,000 after purchasing an additional 673 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Sprout Social by 78.9% in the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after buying an additional 675 shares during the period. State of Alaska Department of Revenue acquired a new stake in Sprout Social in the 3rd quarter valued at about $30,000. Versant Capital Management Inc lifted its stake in Sprout Social by 2,754.5% during the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock valued at $45,000 after purchasing an additional 3,388 shares during the last quarter. Finally, CWM LLC boosted its holdings in Sprout Social by 266.3% during the second quarter. CWM LLC now owns 3,934 shares of the company’s stock worth $82,000 after buying an additional 2,860 shares in the last quarter.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.