Haveli Investment Management LLC Invests $16.41 Million in Sprout Social, Inc. $SPT

Haveli Investment Management LLC acquired a new position in shares of Sprout Social, Inc. (NASDAQ:SPT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,172,852 shares of the company’s stock, valued at approximately $16,405,033. Sprout Social comprises about 0.0% of Haveli Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Haveli Investment Management LLC owned about 3.61% of Sprout Social as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC increased its holdings in Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock worth $28,000 after buying an additional 2,015 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in Sprout Social in the 4th quarter worth about $28,000. Essential Partners LLC boosted its position in shares of Sprout Social by 724.9% during the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock valued at $37,000 after acquiring an additional 5,756 shares during the last quarter. GAMMA Investing LLC increased 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 valued at $48,000 after purchasing an additional 3,417 shares during the period. Finally, Quarry LP grew its holdings in shares of Sprout Social by 264.2% during the third quarter. Quarry LP now owns 3,784 shares of the company’s stock valued at $49,000 after buying an additional 2,745 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPT shares. Wall Street Zen upgraded Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. KeyCorp lifted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Morgan Stanley increased their price objective on Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Barclays upped their price target on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.43.

Sprout Social Stock Up 2.7%

NASDAQ SPT traded up $0.30 during mid-day trading on Friday, reaching $11.34. The stock had a trading volume of 1,258,367 shares, compared to its average volume of 1,498,328. The company has a fifty day moving average price of $8.64 and a 200 day moving average price of $7.21. The stock has a market cap of $687.09 million, a PE ratio of -22.68 and a beta of 0.97. Sprout Social, Inc. has a 1 year low of $4.92 and a 1 year high of $16.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. The firm had revenue of $123.85 million during the quarter, compared to analysts’ expectations 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. On average, research analysts expect that Sprout Social, Inc. will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at $61,412.76. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

Sprout Social 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.