Justyn Russell Howard Sells 23,855 Shares of Sprout Social (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 23,855 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $6.76, for a total value of $161,259.80. Following the completion of the transaction, the insider owned 262,376 shares of the company’s stock, valued at approximately $1,773,661.76. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 9th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The shares were sold at an average price of $10.70, for a total transaction of $428,000.00.

Sprout Social Stock Performance

NASDAQ:SPT opened at $7.04 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $416.69 million, a P/E ratio of -9.51 and a beta of 0.94. The firm has a 50-day moving average price of $8.76 and a two-hundred day moving average price of $10.93. Sprout Social, Inc. has a twelve month low of $6.03 and a twelve month high of $26.38.

Sprout Social (NASDAQ:SPT) last released 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. Sprout Social had a negative net margin of 9.47% and a negative return on equity of 16.10%. The business had revenue of $120.89 million for the quarter, compared to analyst estimates of $118.68 million. 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. As a group, research analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprout Social

Hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC increased its position in Sprout Social by 399.0% during the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock worth $28,000 after purchasing an additional 2,015 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Sprout Social during the 4th quarter valued at $28,000. State of Alaska Department of Revenue purchased a new stake in shares of Sprout Social during the 3rd quarter valued at $30,000. First Horizon Advisors Inc. increased its holdings in shares of Sprout Social by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock worth $32,000 after buying an additional 675 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Sprout Social by 2,754.5% in the 3rd quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock worth $45,000 after buying an additional 3,388 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. KeyCorp reduced their target price on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, February 27th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $9.00 price target (down from $16.00) on shares of Sprout Social in a research note on Friday, February 27th. Needham & Company LLC cut 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. Finally, Jefferies Financial Group decreased their target price on shares of Sprout Social from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Sprout Social has a consensus rating of “Hold” and an average target price of $13.67.

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.