Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells $440,800.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 40,000 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $11.02, for a total value of $440,800.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $81,735.34. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Justyn Russell Howard also recently made the following trade(s):

• On Wednesday, September 2nd, Justyn Howard sold 10,895 shares of Sprout Social stock. The shares were sold at an average price of $11.45, for a total value of $124,747.75.

Sprout Social Stock Up 1.4%

SPT stock traded up $0.15 during trading on Tuesday, hitting $11.20. 537,762 shares of the company’s stock were exchanged, compared to its average volume of 1,427,072. The business has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $8.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $678.61 million, a price-to-earnings ratio of -22.40 and a beta of 1.01. Sprout Social, Inc. has a 52-week low of $4.92 and a 52-week high of $12.06.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%. The company had revenue of $123.85 million for the quarter, compared to analyst estimates of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, equities research analysts expect that Sprout Social, Inc. will post -0.02 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPT. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Morgan Stanley boosted their price objective on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Barclays boosted their price objective on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. KeyCorp increased their price objective on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Sprout Social currently has an average rating of “Hold” and an average target price of $10.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPT. Pale Fire Capital SE purchased a new position in Sprout Social during the first quarter worth approximately $1,960,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Sprout Social by 46.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock valued at $2,522,000 after buying an additional 141,258 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Sprout Social during the 1st quarter valued at $1,500,000. Bank of New York Mellon Corp acquired a new stake in shares of Sprout Social during the 2nd quarter worth $1,658,000. Finally, EVR Research LP acquired a new stake in shares of Sprout Social during the 4th quarter worth $3,381,000.

Sprout Social Company Profile

Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.

The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.