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

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $61,412.76. The trade was a 84.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sprout Social Trading Up 3.4%

Shares of Sprout Social stock opened at $8.56 on Tuesday. The firm has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. Sprout Social, Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $19.51. The company has a market cap of $514.54 million, a P/E ratio of -12.97 and a beta of 0.99.

Sprout Social (NASDAQ:SPT) last posted its earnings results on Thursday, May 7th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Sprout Social had a negative return on equity of 13.90% and a negative net margin of 8.18%.The firm had revenue of $121.50 million for the quarter, compared to analysts’ expectations of $120.33 million. Sprout Social has set its Q2 2026 guidance at 0.150-0.160 EPS and its FY 2026 guidance at 0.880-0.970 EPS. As a group, equities analysts predict that Sprout Social, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SPT shares. Barclays boosted their price objective on Sprout Social from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Sprout Social has an average rating of “Hold” and a consensus target price of $11.88.

Institutional Investors Weigh In On Sprout Social

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LB Partners LLC raised its position in shares of Sprout Social by 144.7% in the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock valued at $8,613,000 after buying an additional 893,502 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Sprout Social by 739.6% during the second quarter. Cubist Systematic Strategies LLC now owns 714,089 shares of the company’s stock worth $14,932,000 after acquiring an additional 629,033 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Sprout Social by 20,382.0% during the second quarter. Canada Pension Plan Investment Board now owns 471,087 shares of the company’s stock worth $9,850,000 after acquiring an additional 468,787 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in Sprout Social by 252.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 626,762 shares of the company’s stock valued at $3,573,000 after acquiring an additional 448,783 shares in the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Sprout Social during the 4th quarter valued at about $4,830,000.

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.