Sprout Social (NASDAQ:SPT) Insider Justyn Russell Howard Sells 10,895 Shares

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 10,895 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $11.45, for a total value of $124,747.75. Following the completion of the transaction, the insider owned 239,840 shares of the company’s stock, valued at $2,746,168. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, July 10th, Justyn Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $8.28, for a total value of $331,200.00.

Sprout Social Trading Up 0.3%

Shares of SPT stock traded up $0.03 on Thursday, hitting $11.37. The company had a trading volume of 1,560,824 shares, compared to its average volume of 1,516,721. The stock’s 50-day moving average is $9.12 and its two-hundred day moving average is $7.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $688.91 million, a P/E ratio of -22.74 and a beta of 0.95. Sprout Social, Inc. has a twelve month low of $4.92 and a twelve month high of $15.56.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $123.85 million during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Sprout Social, Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPT. Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. KeyCorp upped their price target on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Barclays boosted their price objective on Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.43.

Hedge Funds Weigh In On Sprout Social

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new stake in Sprout Social in the 4th quarter worth about $28,000. Summit Securities Group LLC grew its holdings in shares of Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after acquiring an additional 2,015 shares in the last quarter. Quarry LP increased its position 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 acquiring an additional 2,745 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Sprout Social during the fourth quarter worth $54,000. Finally, Tower Research Capital LLC TRC grew its stake in Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock valued at $115,000 after purchasing an additional 1,962 shares during the period.

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.