Sprout Social (NASDAQ:SPT) CEO Ryan Paul Barretto Buys 93,984 Shares

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto acquired 93,984 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was purchased at an average cost of $10.67 per share, with a total value of $1,002,809.28. Following the purchase, the chief executive officer owned 875,256 shares of the company’s stock, valued at $9,338,981.52. The trade was a 12.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Sprout Social Trading Down 3.5%

Shares of SPT traded down $0.35 during mid-day trading on Tuesday, reaching $9.79. 1,396,728 shares of the company’s stock traded hands, compared to its average volume of 981,268. The stock has a market cap of $579.47 million, a P/E ratio of -12.09 and a beta of 0.81. The stock’s 50-day moving average is $10.56 and its two-hundred day moving average is $13.52. Sprout Social, Inc. has a 12 month low of $9.16 and a 12 month high of $35.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The firm had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. During the same period last year, the company earned $0.13 EPS. Sprout Social’s quarterly revenue was up 12.7% compared to the same quarter last year. 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. Research analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SPT shares. Morgan Stanley cut their price target on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Canaccord Genuity Group lowered their price objective on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company 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 target price on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday. Six equities research 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. According to data from MarketBeat.com, Sprout Social has a consensus rating of “Hold” and a consensus 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.