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

by · The Cerbat Gem

Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, January 9th. The shares were sold at an average price of $10.70, for a total value of $428,000.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $79,361.90. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 stock was sold at an average price of $10.22, for a total transaction of $204,400.00.

Sprout Social Price Performance

SPT stock traded down $0.35 during trading on Tuesday, hitting $9.79. 1,396,728 shares of the stock traded hands, compared to its average volume of 981,268. The stock has a market cap of $579.47 million, a price-to-earnings ratio of -12.09 and a beta of 0.81. Sprout Social, Inc. has a one year low of $9.16 and a one year high of $35.18. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $10.56 and a 200 day simple moving average of $13.52.

Sprout Social (NASDAQ:SPT – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. 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. Equities analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPT. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Canaccord Genuity Group dropped their target price on Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Barclays cut their target price on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Morgan Stanley cut their price objective on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Six research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.64.

Read Our Latest Stock Analysis on SPT

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Sprout Social by 391.7% in the fourth quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after purchasing an additional 28,667 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Sprout Social in the 1st quarter valued at $365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sprout Social by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock valued at $1,168,000 after buying an additional 1,265 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Sprout Social by 23.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 325,750 shares of the company’s stock valued at $7,163,000 after buying an additional 60,947 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Sprout Social during the 1st quarter worth $325,000.

Sprout Social Company Profile

(Get Free Report)

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.

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