Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells 40,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $61,412.76. The trade was a 84.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sprout Social Price Performance

Shares of NASDAQ SPT traded up $0.28 during trading on Monday, reaching $8.56. The company had a trading volume of 988,893 shares, compared to its average volume of 1,567,911. 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 stock has a market capitalization of $514.51 million, a PE ratio of -12.97 and a beta of 0.99. Sprout Social, Inc. has a twelve month low of $4.92 and a twelve month high of $19.51. The stock has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $7.40.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $120.33 million. Sprout Social had a negative return on equity of 13.90% and a negative net margin of 8.18%.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. As a group, sell-side analysts predict that Sprout Social, Inc. will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Sprout Social

A number of hedge funds have recently made changes to their positions in SPT. Vanguard Group Inc. lifted its position in Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock valued at $76,894,000 after buying an additional 274,527 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in shares of Sprout Social by 9.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,723,921 shares of the company’s stock valued at $61,033,000 after acquiring an additional 421,189 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Sprout Social during the 4th quarter valued at $2,564,000. Brighton Jones LLC lifted its holdings 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 valued at $1,105,000 after acquiring an additional 28,667 shares in the last quarter. Finally, EVR Research LP purchased a new stake in Sprout Social during the 4th quarter worth $3,381,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays lifted their target price on shares of Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sprout Social has an average rating of “Hold” and an average price target of $11.88.

About Sprout Social

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.