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

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $11.02, for a total value of $440,800.00. Following the completion of the transaction, the insider owned 7,417 shares of the company’s stock, valued at $81,735.34. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Justyn Howard sold 10,895 shares of Sprout Social stock. The shares were sold at an average price of $11.45, for a total value of $124,747.75.

Sprout Social Trading Up 1.4%

Shares of NASDAQ SPT opened at $11.20 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $10.39 and its two-hundred day moving average price is $8.16. Sprout Social, Inc. has a 52-week low of $4.92 and a 52-week high of $12.06. The stock has a market capitalization of $678.61 million, a P/E ratio of -22.40 and a beta of 1.01.

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

Institutional Trading of Sprout Social

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Sprout Social by 115.8% during the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock valued at $48,000 after buying an additional 3,417 shares during the last quarter. Essential Partners LLC grew its holdings in Sprout Social by 724.9% in the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock worth $37,000 after buying an additional 5,756 shares in the last quarter. Commonwealth Financial Services LLC bought a new position in Sprout Social in the 1st quarter worth approximately $58,000. Integrated Wealth Concepts LLC bought a new position in Sprout Social in the 2nd quarter worth approximately $84,000. Finally, Versant Capital Management Inc increased its position in Sprout Social by 4,977.4% in the 2nd quarter. Versant Capital Management Inc now owns 11,932 shares of the company’s stock valued at $90,000 after acquiring an additional 11,697 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPT. Morgan Stanley boosted their target price on shares of Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. 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. Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. KeyCorp lifted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.43.

Sprout Social Company Profile

Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.

The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.