Sprout Social (NASDAQ:SPT) Trading Up 6.3% – What’s Next?

Shares of Sprout Social, Inc. (NASDAQ:SPTGet Free Report) rose 6.3% during trading on Wednesday . The company traded as high as $8.96 and last traded at $9.0170. 142,906 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,551,129 shares. The stock had previously closed at $8.48.

Analysts Set New Price Targets

SPT has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Tuesday, April 21st. Barclays lifted their price target on Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.88.

Read Our Latest Stock Analysis on SPT

Sprout Social Trading Down 1.6%

The company has a market cap of $518.15 million, a price-to-earnings ratio of -13.06 and a beta of 0.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $7.28 and its 200-day moving average price is $7.33.

Sprout Social (NASDAQ:SPTGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $121.50 million for the quarter, compared to analyst estimates of $120.33 million. Sprout Social had a negative net margin of 8.18% and a negative return on equity of 13.90%. Sprout Social has set its Q2 2026 guidance at 0.150-0.160 EPS and its FY 2026 guidance at 0.880-0.970 EPS. On average, equities analysts anticipate that Sprout Social, Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total transaction of $331,200.00. Following the transaction, the insider owned 7,417 shares in the company, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Sprout Social by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock worth $76,894,000 after purchasing an additional 274,527 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Sprout Social in the 4th quarter valued at about $2,564,000. Brighton Jones LLC grew its position in shares of Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after purchasing an additional 28,667 shares in the last quarter. EVR Research LP bought a new position in shares of Sprout Social during the fourth quarter worth approximately $3,381,000. Finally, LB Partners LLC increased its holdings in shares of Sprout Social by 144.7% during the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock worth $8,613,000 after purchasing an additional 893,502 shares during the period.

About Sprout Social

(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.

Further Reading

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