Segall Bryant & Hamill LLC Purchases 40,223 Shares of Sprout Social, Inc. $SPT

Segall Bryant & Hamill LLC raised its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,415 shares of the company’s stock after acquiring an additional 40,223 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.41% of Sprout Social worth $4,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sprout Social by 11.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,976 shares of the company’s stock worth $373,000 after purchasing an additional 1,703 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Sprout Social during the 2nd quarter worth about $880,000. Jennison Associates LLC boosted its stake in shares of Sprout Social by 8.7% during the 2nd quarter. Jennison Associates LLC now owns 2,392,450 shares of the company’s stock worth $50,026,000 after buying an additional 192,007 shares during the last quarter. RedJay Asset Management Inc. grew its holdings in shares of Sprout Social by 40.0% in the 2nd quarter. RedJay Asset Management Inc. now owns 140,000 shares of the company’s stock valued at $2,927,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Sprout Social by 633.2% in the first quarter. Cubist Systematic Strategies LLC now owns 85,056 shares of the company’s stock valued at $1,870,000 after acquiring an additional 73,456 shares during the last quarter.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $10.22, for a total transaction of $204,400.00. Following the completion of the transaction, the insider directly owned 7,417 shares in the company, valued at $75,801.74. This trade represents a 72.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 70,566 shares of company stock valued at $899,581 over the last 90 days. 10.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group cut their price target on shares of Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Morgan Stanley lowered their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Finally, Oppenheimer dropped their price target on Sprout Social from $32.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.82.

Sprout Social Stock Up 4.3%

SPT stock opened at $9.75 on Monday. The stock’s 50 day simple moving average is $11.58 and its 200 day simple moving average is $16.31. The company has a market cap of $577.10 million, a P/E ratio of -12.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. Sprout Social, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $36.30.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The firm had revenue of $115.59 million during the quarter, compared to the consensus estimate of $114.86 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS. Q4 2025 guidance at 0.150-0.170 EPS. On average, research analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Sprout Social Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.