Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells $428,000.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $10.70, for a total value of $428,000.00. Following the completion of the sale, the insider owned 7,417 shares of the company’s stock, valued at $79,361.90. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 4th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The shares were sold at an average price of $10.22, for a total value of $204,400.00.

Sprout Social Price Performance

Shares of SPT opened at $10.14 on Friday. The stock has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $13.40. Sprout Social, Inc. has a 52-week low of $9.16 and a 52-week high of $35.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $600.19 million, a PE ratio of -12.52 and a beta of 0.81.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $115.59 million for the quarter, compared to the consensus estimate of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. 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. Sell-side analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group dropped their price target on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Barclays decreased their price objective on Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley cut their target price on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC acquired a new position in shares of Sprout Social during the 3rd quarter worth approximately $17,555,000. Cubist Systematic Strategies LLC raised 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 in the last quarter. Norges Bank acquired a new stake in Sprout Social in the second quarter valued at $10,694,000. Canada Pension Plan Investment Board grew its position in shares of Sprout Social by 20,382.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 471,087 shares of the company’s stock valued at $9,850,000 after acquiring an additional 468,787 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Sprout Social by 182.3% during the 2nd quarter. Federated Hermes Inc. now owns 687,234 shares of the company’s stock worth $14,370,000 after purchasing an additional 443,774 shares during the last quarter.

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.