LB Partners LLC Buys 893,502 Shares of Sprout Social, Inc. $SPT

LB Partners LLC grew its stake in Sprout Social, Inc. (NASDAQ:SPT) by 144.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,510,979 shares of the company’s stock after buying an additional 893,502 shares during the period. Sprout Social accounts for 7.7% of LB Partners LLC’s holdings, making the stock its 5th biggest position. LB Partners LLC owned 2.54% of Sprout Social worth $8,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC increased its position in shares of Sprout Social by 399.0% in the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after acquiring an additional 2,015 shares during the period. Quadrant Capital Group LLC purchased a new position in Sprout Social in the 4th quarter worth $28,000. Quarry LP lifted its position in Sprout Social by 264.2% during the 3rd quarter. Quarry LP now owns 3,784 shares of the company’s stock worth $49,000 after acquiring an additional 2,745 shares during the period. Kestra Advisory Services LLC acquired a new stake in Sprout Social during the 4th quarter worth about $54,000. Finally, Russell Investments Group Ltd. grew its stake in Sprout Social by 39.1% during the 4th quarter. Russell Investments Group Ltd. now owns 6,235 shares of the company’s stock valued at $70,000 after purchasing an additional 1,752 shares during the last quarter.

Sprout Social Trading Up 5.8%

SPT stock opened at $7.99 on Thursday. The company’s 50-day simple moving average is $6.80 and its 200-day simple moving average is $7.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. Sprout Social, Inc. has a 52-week low of $4.92 and a 52-week high of $21.53. The firm has a market cap of $480.28 million, a P/E ratio of -12.11 and a beta of 0.98.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $121.50 million during the quarter, compared to analyst estimates of $120.33 million. Sprout Social had a negative return on equity of 13.90% and a negative net margin of 8.18%.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. As a group, equities analysts forecast that Sprout Social, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPT shares. Wall Street Zen upgraded Sprout Social from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Tuesday, April 21st. Finally, Barclays increased their price target on shares of Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Sprout Social has a consensus rating of “Hold” and a consensus target price of $11.88.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $5.03, for a total transaction of $201,200.00. Following the transaction, the insider owned 7,417 shares in the company, valued at $37,307.51. This trade represents a 84.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is currently owned by insiders.

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.