Sprout Social (NASDAQ:SPT) Director Purchases 90,661 Shares

by · The Cerbat Gem

Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) Director Aaron Edward Frederick Rankin purchased 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the completion of the purchase, the director directly owned 114,969 shares in the company, valued at $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sprout Social Stock Performance

Shares of SPT traded up $0.20 during midday trading on Thursday, reaching $11.23. 1,060,973 shares of the stock were exchanged, compared to its average volume of 908,214. The business’s 50-day moving average price is $10.52 and its 200 day moving average price is $14.83. The company has a market capitalization of $664.70 million, a price-to-earnings ratio of -13.86 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. Sprout Social, Inc. has a twelve month low of $9.16 and a twelve month high of $35.18.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on SPT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Canaccord Genuity Group cut their price objective 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. Finally, Morgan Stanley decreased their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given 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 $25.82.

Read Our Latest Research Report on Sprout Social

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of Sprout Social by 85.2% during the 1st quarter. Quarry LP now owns 1,463 shares of the company’s stock worth $32,000 after purchasing an additional 673 shares during the period. First Horizon Advisors Inc. increased its stake in Sprout Social by 78.9% in the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after purchasing an additional 675 shares during the last quarter. Diversified Trust Co increased its stake in Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock valued at $232,000 after purchasing an additional 1,040 shares during the last quarter. Rhumbline Advisers lifted its position in Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after buying an additional 1,264 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 worth $1,168,000 after buying an additional 1,265 shares during the last quarter.

Sprout Social Company Profile

(Get Free Report)

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.

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