Sprout Social (NASDAQ:SPT) Insider Justyn Russell Howard Sells 40,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $10.70, for a total value of $428,000.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at approximately $79,361.90. This represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, November 4th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The shares were sold at an average price of $10.22, for a total value of $204,400.00.

Sprout Social Stock Down 3.5%

Shares of SPT traded down $0.35 on Tuesday, hitting $9.79. The company’s stock had a trading volume of 1,396,728 shares, compared to its average volume of 981,268. The firm’s fifty day moving average price is $10.56 and its 200-day moving average price is $13.52. Sprout Social, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $35.18. 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 $579.47 million, a price-to-earnings ratio of -12.09 and a beta of 0.81.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share 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 analyst estimates of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. 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, equities research analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of Sprout Social during the 3rd quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its holdings in shares of Sprout Social by 78.9% in the 2nd 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 last quarter. Versant Capital Management Inc grew its stake in shares of Sprout Social by 2,754.5% in the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock valued at $45,000 after buying an additional 3,388 shares in the last quarter. Quarry LP increased its holdings in Sprout Social by 264.2% during the third quarter. Quarry LP now owns 3,784 shares of the company’s stock worth $49,000 after buying an additional 2,745 shares during the last quarter. Finally, CWM LLC increased 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 during the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on SPT. Morgan Stanley dropped their price target on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Canaccord Genuity Group dropped their target price on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Finally, Barclays reduced their price target on Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.64.

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.