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 business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $5.96, for a total value of $238,400.00. Following the completion of the sale, the insider owned 7,417 shares of the company’s stock, valued at approximately $44,205.32. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, March 3rd, Justyn Russell Howard sold 23,855 shares of Sprout Social stock. The stock was sold at an average price of $6.76, for a total value of $161,259.80.
• On Friday, January 9th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00.

Sprout Social Stock Performance

NASDAQ SPT traded down $0.03 during midday trading on Thursday, hitting $5.98. The company had a trading volume of 1,705,137 shares, compared to its average volume of 1,670,172. Sprout Social, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $25.81. The stock has a market cap of $353.95 million, a price-to-earnings ratio of -8.08 and a beta of 0.94. The firm has a fifty day simple moving average of $8.36 and a two-hundred day simple moving average of $10.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.20.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $120.89 million during the quarter, compared to analysts’ expectations of $118.68 million. Sprout Social had a negative return on equity of 16.10% and a negative net margin of 9.47%.Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. Equities analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SPT shares. Jefferies Financial Group lowered their price target on Sprout Social from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Needham & Company LLC dropped their price objective on shares of Sprout Social from $32.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Barclays cut their target price on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday, January 22nd. Finally, KeyCorp reduced their price objective on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC grew its stake in Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after purchasing an additional 2,015 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of Sprout Social during the fourth quarter worth approximately $28,000. State of Alaska Department of Revenue acquired a new stake in shares of Sprout Social during the third quarter worth $30,000. First Horizon Advisors Inc. boosted its holdings in Sprout Social by 78.9% in 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 period. Finally, Versant Capital Management Inc boosted its stake in shares of Sprout Social by 2,754.5% in the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock valued at $45,000 after buying an additional 3,388 shares during the period.

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.