Sprout Social Target of Unusually High Options Trading (NASDAQ:SPT)

Sprout Social, Inc. (NASDAQ:SPT) saw unusually large options trading activity on Monday. Stock investors bought 13,805 put options on the company. This is an increase of approximately 2,305% compared to the average daily volume of 574 put options.

Analyst Upgrades and Downgrades

SPT has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Sprout Social from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Barclays lowered their price target on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday, January 22nd. Jefferies Financial Group reduced their price objective on shares of Sprout Social from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Finally, Needham & Company LLC decreased their target price 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.67.

Insiders Place Their Bets

In other news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $44,205.32. The trade was a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Paul Barretto acquired 93,984 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were bought at an average price of $10.67 per share, with a total value of $1,002,809.28. Following the completion of the purchase, the chief executive officer directly owned 875,256 shares in the company, valued at $9,338,981.52. The trade was a 12.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 103,855 shares of company stock valued at $827,660. 10.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock valued at $76,894,000 after buying an additional 274,527 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its stake in Sprout Social by 9.8% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,723,921 shares of the company’s stock worth $61,033,000 after acquiring an additional 421,189 shares during the last quarter. State Street Corp lifted its position in Sprout Social by 8.2% during the 4th quarter. State Street Corp now owns 1,546,142 shares of the company’s stock worth $17,425,000 after acquiring an additional 117,757 shares during the period. Topline Capital Management LLC purchased a new stake in Sprout Social during the 3rd quarter valued at about $17,555,000. Finally, Geode Capital Management LLC increased its holdings in shares of Sprout Social by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock valued at $14,141,000 after purchasing an additional 123,983 shares during the period.

Sprout Social Trading Down 0.7%

Sprout Social stock opened at $5.67 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $335.60 million, a PE ratio of -7.66 and a beta of 0.94. The stock has a 50-day moving average of $7.97 and a two-hundred day moving average of $10.36. Sprout Social has a one year low of $5.50 and a one year high of $25.81.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $120.89 million for the quarter, compared to analyst estimates 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, research analysts anticipate that Sprout Social will post -0.99 EPS for the current fiscal year.

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.