Nano Cap New Millennium Growth Fund L P Takes $2.56 Million Position in Sprout Social, Inc. $SPT

Nano Cap New Millennium Growth Fund L P purchased a new stake in Sprout Social, Inc. (NASDAQ:SPT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 227,500 shares of the company’s stock, valued at approximately $2,564,000. Sprout Social accounts for about 2.2% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SPT. Brighton Jones LLC raised its stake in shares of Sprout Social by 391.7% in the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after acquiring an additional 28,667 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Sprout Social in the 1st quarter valued at approximately $365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sprout Social by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock valued at $1,168,000 after acquiring an additional 1,265 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Sprout Social by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 325,750 shares of the company’s stock valued at $7,163,000 after purchasing an additional 60,947 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Sprout Social in the first quarter valued at approximately $325,000.

Sprout Social Trading Down 1.6%

Shares of SPT stock opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. Sprout Social, Inc. has a fifty-two week low of $4.92 and a fifty-two week high of $22.59. The stock has a market capitalization of $402.14 million, a P/E ratio of -10.14 and a beta of 0.94. The company has a 50 day moving average price of $5.93 and a 200 day moving average price of $8.18.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. Sprout Social had a negative net margin of 8.18% and a negative return on equity of 13.90%. The company had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $120.33 million. Sprout Social has set its Q2 2026 guidance at 0.150-0.160 EPS and its FY 2026 guidance at 0.880-0.970 EPS. Equities research analysts predict that Sprout Social, Inc. will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $5.03, for a total transaction of $201,200.00. Following the completion of the transaction, the insider owned 7,417 shares in the company, valued at $37,307.51. The trade was a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 103,855 shares of company stock worth $600,860. Insiders own 9.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Sprout Social from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Canaccord Genuity Group restated a “hold” rating and issued a $9.00 price objective (down from $16.00) on shares of Sprout Social in a report on Friday, February 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Tuesday, April 21st. Barclays lifted their price objective on shares of Sprout Social from $8.00 to $9.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, KeyCorp dropped their price objective 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. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.22.

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.