Ryan Paul Barretto Acquires 93,984 Shares of Sprout Social (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto bought 93,984 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $1,002,809.28. Following the purchase, the chief executive officer directly owned 875,256 shares in the company, valued at $9,338,981.52. This trade represents a 12.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sprout Social Price Performance

SPT stock traded down $0.35 during midday trading on Tuesday, hitting $9.79. The company’s stock had a trading volume of 1,396,728 shares, compared to its average volume of 981,268. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. Sprout Social, Inc. has a 12 month low of $9.16 and a 12 month high of $35.18. The company has a 50 day moving average of $10.56 and a two-hundred day moving average of $13.52. The firm has a market capitalization of $579.47 million, a price-to-earnings ratio of -12.09 and a beta of 0.81.

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, beating the consensus estimate 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 firm had revenue of $115.59 million for the quarter, compared to analysts’ expectations of $114.86 million. During the same quarter last year, the business 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, analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Institutional Investors Weigh In On Sprout Social

Institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in shares of Sprout Social by 78.9% during the 2nd 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 boosted its stake in Sprout Social by 6.1% during the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock worth $232,000 after buying an additional 1,040 shares during the period. Rhumbline Advisers increased its position in Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock valued at $1,636,000 after acquiring an additional 1,264 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sprout Social by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock valued at $1,168,000 after acquiring an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after acquiring an additional 1,962 shares during the last quarter.

Wall Street Analysts Forecast Growth

SPT has been the topic of several research reports. Barclays reduced their target price on Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday. Canaccord Genuity Group reduced their price objective on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Finally, Morgan Stanley cut 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 report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.64.

Sprout Social Company Profile

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.