Teacher Retirement System of Texas Has $788,000 Stock Holdings in Sprout Social, Inc. $SPT

Teacher Retirement System of Texas boosted its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 128.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,698 shares of the company’s stock after buying an additional 21,193 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Sprout Social worth $788,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sprout Social in the second quarter worth $4,214,000. Brighton Jones LLC boosted its holdings in Sprout Social by 16.8% in the 2nd quarter. Brighton Jones LLC now owns 15,127 shares of the company’s stock valued at $316,000 after purchasing an additional 2,177 shares during the period. RedJay Asset Management Inc. grew its position in Sprout Social by 40.0% in the 2nd quarter. RedJay Asset Management Inc. now owns 140,000 shares of the company’s stock worth $2,927,000 after purchasing an additional 40,000 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Sprout Social by 45.1% during the 2nd quarter. AlphaQuest LLC now owns 6,499 shares of the company’s stock worth $136,000 after purchasing an additional 2,020 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Sprout Social during the second quarter valued at about $253,000.

Sprout Social Price Performance

Sprout Social stock opened at $10.00 on Friday. The business has a 50 day simple moving average of $12.54 and a 200 day simple moving average of $17.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $588.10 million, a PE ratio of -12.35 and a beta of 0.88. Sprout Social, Inc. has a one year low of $9.46 and a one year high of $36.30.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. Sprout Social had a negative return on equity of 19.43% and a negative net margin of 10.59%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. 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, sell-side analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of the company’s 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 sale, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $75,801.74. This represents a 72.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 70,566 shares of company stock valued at $899,581 in the last quarter. 10.12% of the stock is owned by insiders.

Analyst Ratings Changes

SPT has been the subject of several research reports. Oppenheimer reduced their target price on shares of Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. The Goldman Sachs Group reduced their price objective on Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group reduced 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. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.55.

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.