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

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Howard sold 10,895 shares of the company’s stock in a transaction 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $8.28, for a total transaction of $331,200.00.

Sprout Social Stock Up 0.3%

Shares of SPT opened at $11.37 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $7.35. Sprout Social, Inc. has a 52 week low of $4.92 and a 52 week high of $15.56. The firm has a market capitalization of $688.91 million, a P/E ratio of -22.74 and a beta of 0.95.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $123.85 million during the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%.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 research analysts expect that Sprout Social, Inc. will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPT has been the topic of several analyst reports. KeyCorp boosted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen raised shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Morgan Stanley raised their price target on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.43.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Sprout Social in the 2nd quarter valued at $119,000. Headlands Technologies LLC bought a new stake in shares of Sprout Social during the second quarter worth $111,000. Haveli Investment Management LLC bought a new stake in shares of Sprout Social during the second quarter worth $16,405,033. Bank of New York Mellon Corp acquired a new position in shares of Sprout Social during the second quarter valued at $1,658,000. Finally, GAMMA Investing LLC lifted its stake in shares of Sprout Social by 115.8% during the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock valued at $48,000 after acquiring an additional 3,417 shares during the period.

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.