Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells $124,747.75 in Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 10,895 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $11.45, for a total transaction of $124,747.75. Following the completion of the sale, the insider owned 239,840 shares in the company, valued at approximately $2,746,168. The trade was a 4.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Price Performance

NASDAQ:SPT opened at $11.36 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $688.30 million, a P/E ratio of -22.72 and a beta of 0.95. Sprout Social, Inc. has a 12 month low of $4.92 and a 12 month high of $15.56. The business’s 50-day moving average is $9.20 and its 200 day moving average is $7.38.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Sprout Social, Inc. will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Barclays increased their price objective on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, KeyCorp upped their target price 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. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Sprout Social presently has a consensus rating of “Hold” and a consensus price target of $10.43.

Hedge Funds Weigh In On Sprout Social

Several large investors have recently modified their holdings of the stock. Haveli Investment Management LLC bought a new stake in Sprout Social in the second quarter worth $16,405,033. LB Partners LLC increased its position in Sprout Social by 144.7% during the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock valued at $8,613,000 after acquiring an additional 893,502 shares during the last quarter. Cubist Systematic Strategies LLC increased 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 valued at $14,932,000 after acquiring an additional 629,033 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Sprout Social by 20,382.0% in the second 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, Y Intercept Hong Kong Ltd lifted its holdings in shares of Sprout Social by 252.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 626,762 shares of the company’s stock worth $3,573,000 after acquiring an additional 448,783 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.