Insider Selling: Sprout Social (NASDAQ:SPT) Insider Sells $331,200.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total transaction of $331,200.00. Following the transaction, the insider owned 7,417 shares in the company, valued at approximately $61,412.76. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sprout Social Price Performance

SPT opened at $8.76 on Thursday. The stock has a fifty day moving average of $7.24 and a 200-day moving average of $7.35. The firm has a market capitalization of $526.53 million, a P/E ratio of -13.27 and a beta of 0.99. Sprout Social, Inc. has a 12-month low of $4.92 and a 12-month high of $19.51. 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 (NASDAQ:SPT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $121.50 million for the quarter, compared to the consensus estimate 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. Equities analysts forecast that Sprout Social, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPT shares. 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 research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sprout Social currently has a consensus rating of “Hold” and a consensus target price of $11.88.

Hedge Funds Weigh In On Sprout Social

Several hedge funds have recently bought and sold shares of SPT. Summit Securities Group LLC lifted its position in shares of Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock worth $28,000 after buying an additional 2,015 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Sprout Social in the 4th quarter valued at approximately $28,000. Essential Partners LLC raised its stake in shares of Sprout Social by 724.9% in the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock valued at $37,000 after acquiring an additional 5,756 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Sprout Social by 115.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after purchasing an additional 3,417 shares during the last quarter. Finally, Quarry LP lifted its holdings in Sprout Social by 264.2% in the 3rd quarter. Quarry LP now owns 3,784 shares of the company’s stock worth $49,000 after purchasing an additional 2,745 shares during the last quarter.

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.