Justyn Russell Howard Sells 10,895 Shares of Sprout Social (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 10,895 shares of Sprout Social stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $11.45, for a total transaction of $124,747.75. Following the sale, the insider owned 239,840 shares of the company’s stock, valued at approximately $2,746,168. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, July 10th, Justyn Howard sold 40,000 shares of Sprout Social stock. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00.

Sprout Social Stock Performance

NASDAQ SPT opened at $11.36 on Friday. The firm has a market capitalization of $688.30 million, a P/E ratio of -22.72 and a beta of 0.95. The stock has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $7.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. Sprout Social, Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $15.56.

Sprout Social (NASDAQ:SPT) last posted its earnings results on Thursday, August 6th. The company reported $0.26 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 firm 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. On average, equities analysts forecast that Sprout Social, Inc. will post -0.02 earnings per share for the current year.

Institutional Trading of Sprout Social

Several institutional investors and hedge funds have recently bought and sold shares of SPT. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 274,527 shares during the last quarter. Haveli Investment Management LLC acquired a new position in Sprout Social during the second quarter worth $16,405,033. State Street Corp boosted its position in shares of Sprout Social by 8.2% during the fourth quarter. State Street Corp now owns 1,546,142 shares of the company’s stock worth $17,425,000 after buying an additional 117,757 shares during the period. LB Partners LLC grew its stake in shares of Sprout Social by 144.7% in the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock valued at $8,613,000 after buying an additional 893,502 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sprout Social by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock valued at $14,141,000 after buying an additional 123,983 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SPT shares. Morgan Stanley raised their target price on Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Barclays lifted their price objective on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Sprout Social has a consensus rating of “Hold” and a consensus price target of $10.43.

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.