Los Angeles Capital Management LLC Takes $770,000 Position in Sprout Social, Inc. $SPT

Los Angeles Capital Management LLC acquired a new position in Sprout Social, Inc. (NASDAQ:SPT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 36,836 shares of the company’s stock, valued at approximately $770,000.

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

Sprout Social Trading Down 4.5%

Sprout Social stock opened at $10.57 on Friday. Sprout Social, Inc. has a 1 year low of $9.46 and a 1 year high of $36.30. The firm’s 50 day moving average price is $12.17 and its 200-day moving average price is $16.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $621.62 million, a P/E ratio of -13.05 and a beta of 0.88.

Sprout Social (NASDAQ:SPT) last posted its earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $115.59 million during the quarter, compared to analysts’ expectations of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. Sprout Social’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last 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, equities analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

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 stock was sold at an average price of $10.22, for a total value 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. The trade was a 72.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 70,566 shares of company stock worth $899,581 in the last ninety days. Company insiders own 10.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Oppenheimer decreased their target price on shares of Sprout Social from $32.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Morgan Stanley reduced their price objective 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. Canaccord Genuity Group decreased their price objective on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Zacks Research downgraded shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Six research 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.82.

About Sprout Social

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.