Haveli Investment Management LLC Buys Shares of 2,172,852 Sprout Social, Inc. $SPT

Haveli Investment Management LLC purchased a new stake in shares of Sprout Social, Inc. (NASDAQ:SPT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 2,172,852 shares of the company’s stock, valued at approximately $16,405,033,000. Sprout Social makes up about 9.1% of Haveli Investment Management LLC’s holdings, making the stock its 4th largest holding.

A number of other institutional investors have also modified their holdings of SPT. Quadrant Capital Group LLC purchased a new stake in Sprout Social during the fourth quarter valued at approximately $28,000. Summit Securities Group LLC lifted its holdings in shares of Sprout Social by 399.0% during the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after purchasing an additional 2,015 shares during the last quarter. Quarry LP boosted its position in shares of 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Sprout Social in the 4th quarter worth $54,000. Finally, Tower Research Capital LLC TRC grew its stake in Sprout Social by 55.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after buying an additional 1,962 shares during the last quarter.

Sprout Social Price Performance

NASDAQ:SPT opened at $10.69 on Wednesday. The company has a market capitalization of $647.71 million, a P/E ratio of -21.38 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. Sprout Social, Inc. has a 52 week low of $4.92 and a 52 week high of $16.03. The stock’s fifty day moving average is $8.47 and its two-hundred day moving average is $7.17.

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

Analysts Set New Price Targets

A number of research firms have commented on SPT. Morgan Stanley increased their price target on Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. KeyCorp lifted their target price on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Barclays upped their target price on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.43.

Insiders Place Their Bets

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, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the sale, the insider owned 7,417 shares of the company’s stock, valued at $61,412.76. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

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.