Renaissance Technologies LLC Increases Stock Position in Sprout Social, Inc. $SPT

Renaissance Technologies LLC raised its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 79.4% in the 1st quarter, Holdings Channel reports. The firm owned 727,762 shares of the company’s stock after acquiring an additional 322,200 shares during the period. Renaissance Technologies LLC’s holdings in Sprout Social were worth $4,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC increased its holdings 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 purchasing an additional 2,015 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Sprout Social during the fourth quarter valued at approximately $28,000. Quarry LP grew its holdings in Sprout Social by 264.2% during the 3rd quarter. Quarry LP now owns 3,784 shares of the company’s stock valued at $49,000 after buying an additional 2,745 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Sprout Social during the 4th quarter valued at approximately $54,000. Finally, Commonwealth Financial Services LLC bought a new stake in Sprout Social in the 1st quarter worth approximately $58,000.

Sprout Social Price Performance

NASDAQ:SPT opened at $10.34 on Friday. The firm has a market capitalization of $621.54 million, a price-to-earnings ratio of -20.68 and a beta of 0.97. Sprout Social, Inc. has a 1 year low of $4.92 and a 1 year high of $16.03. The business has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $7.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.95 and a quick ratio of 0.95.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. Sprout Social had a negative return on equity of 9.06% and a negative net margin of 6.13%.The firm had revenue of $123.85 million for the quarter, compared to the consensus estimate 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 forecast that Sprout Social, Inc. will post -0.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction on Friday, July 10th. The shares were 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 approximately $61,412.76. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPT. KeyCorp upped their price objective on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday. Barclays raised their target price 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, Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Three 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, Sprout Social presently has a consensus rating of “Hold” and an average target price of $10.43.

Key Sprout Social News

Here are the key news stories impacting Sprout Social this week:

• Positive Sentiment: Sprout Social reported second-quarter revenue of approximately $123.85 million, ahead of the $122.19 million analyst consensus. Adjusted earnings were $0.26 per share, beating estimates of $0.16 and improving from $0.18 a year earlier. Sprout Social Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management issued notably stronger profitability guidance: third-quarter adjusted EPS of $0.29-$0.30 versus a $0.18 consensus, and full-year 2026 EPS of $1.11-$1.15 versus expectations of $0.68. Full-year revenue guidance of $493.0-$495.6 million was broadly in line with the $494.4 million consensus. Sprout Social Earnings and Guidance
• Positive Sentiment: The earnings presentation and call emphasized continued growth among larger customers, with subscription revenue contribution from customers generating at least $30,000 in annual recurring revenue rising 20% year over year. AI product investment and customer upselling support the case for stronger monetization and operating leverage. Sprout Social Announces Second Quarter 2026 Financial Results
• Neutral Sentiment: Although adjusted results were profitable, Sprout Social remained unprofitable under GAAP, recording an operating loss of approximately $2.7 million and a net loss of $3.1 million. Operating cash flow was positive at $8.5 million, with $119.9 million in cash and equivalents. Sprout Social Q2 2026 Results
• Negative Sentiment: Recent insider activity remains a potential overhang: insiders reported eight sales and no purchases over the past six months, including sales by the executive chair and CFO. This may raise concerns about insider confidence despite the strong quarterly outlook.

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.