Topline Capital Management LLC Makes New $17.56 Million Investment in Sprout Social, Inc. $SPT

Topline Capital Management LLC purchased a new stake in shares of Sprout Social, Inc. (NASDAQ:SPT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,358,712 shares of the company’s stock, valued at approximately $17,555,000. Sprout Social comprises 3.0% of Topline Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also modified their holdings of SPT. State of Alaska Department of Revenue purchased a new position in shares of Sprout Social in the third quarter worth about $30,000. Versant Capital Management Inc boosted its position in 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 last quarter. Tower Research Capital LLC TRC increased its holdings in Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after buying an additional 1,962 shares during the period. Russell Investments Group Ltd. increased its holdings in Sprout Social by 2,690.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,529 shares of the company’s stock worth $137,000 after buying an additional 6,295 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in Sprout Social during the 2nd quarter worth approximately $236,000.

Insider Activity at Sprout Social

In other Sprout Social news, CEO Ryan Paul Barretto bought 93,984 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was acquired at an average price of $10.67 per share, with a total value of $1,002,809.28. Following the completion of the acquisition, the chief executive officer directly owned 875,256 shares of the company’s stock, valued at $9,338,981.52. This represents a 12.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $10.70, for a total transaction of $428,000.00. Following the completion of the sale, the insider owned 7,417 shares of the company’s stock, valued at $79,361.90. This trade represents a 84.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 103,855 shares of company stock valued at $827,660. 10.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPT has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Sprout Social from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. KeyCorp reduced their target price on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, February 27th. Canaccord Genuity Group restated a “hold” rating and set a $9.00 target price (down from $16.00) on shares of Sprout Social in a research report on Friday, February 27th. Wall Street Zen raised Sprout Social from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, The Goldman Sachs Group reduced their price objective on Sprout Social from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.67.

Sprout Social Price Performance

NASDAQ:SPT opened at $5.86 on Friday. The stock has a 50 day moving average of $8.16 and a two-hundred day moving average of $10.57. Sprout Social, Inc. has a 12 month low of $5.70 and a 12 month high of $25.81. The firm has a market cap of $346.85 million, a P/E ratio of -7.92 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $120.89 million for the quarter, compared to the consensus estimate 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. On average, analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Sprout Social 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.