Sprout Social (NASDAQ:SPT) Director Purchases 90,661 Shares

Sprout Social, Inc. (NASDAQ:SPT) Director Aaron Edward Frederick Rankin purchased 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the completion of the purchase, the director directly owned 114,969 shares in the company, valued at $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sprout Social Stock Performance

Shares of SPT traded up $0.20 during midday trading on Thursday, reaching $11.23. 1,060,973 shares of the stock were exchanged, compared to its average volume of 908,214. The business’s 50-day moving average price is $10.52 and its 200 day moving average price is $14.83. The company has a market capitalization of $664.70 million, a price-to-earnings ratio of -13.86 and a beta of 0.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. Sprout Social, Inc. has a twelve month low of $9.16 and a twelve month high of $35.18.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $115.59 million for the quarter, compared to analyst estimates of $114.86 million. During the same period last year, the firm 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, sell-side analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on SPT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Canaccord Genuity Group cut their price objective on Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Morgan Stanley decreased their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Six investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.82.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of Sprout Social by 85.2% during the 1st quarter. Quarry LP now owns 1,463 shares of the company’s stock worth $32,000 after purchasing an additional 673 shares during the period. First Horizon Advisors Inc. increased its stake in Sprout Social by 78.9% in the second 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 increased its stake in Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock valued at $232,000 after purchasing an additional 1,040 shares during the last quarter. Rhumbline Advisers lifted its position in Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after buying an additional 1,264 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sprout Social by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after buying an additional 1,265 shares during the last quarter.

Sprout Social Company Profile

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.