Sprout Social, Inc. $SPT Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,241,902 shares of the company’s stock after acquiring an additional 18,456 shares during the quarter. Geode Capital Management LLC owned 2.13% of Sprout Social worth $25,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Sprout Social by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company’s stock valued at $129,762,000 after buying an additional 14,771 shares during the period. Jennison Associates LLC increased its position in shares of Sprout Social by 8.7% in the 2nd quarter. Jennison Associates LLC now owns 2,392,450 shares of the company’s stock valued at $50,026,000 after purchasing an additional 192,007 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sprout Social in the 1st quarter valued at $13,131,000. Charles Schwab Investment Management Inc. grew its stake in shares of Sprout Social by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 482,644 shares of the company’s stock worth $10,613,000 after purchasing an additional 11,910 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in 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 buying an additional 60,947 shares during the last quarter.

Analysts Set New Price Targets

SPT has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Morgan Stanley cut their target price on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. The Goldman Sachs Group lowered their price target on Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Zacks Research cut shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Oppenheimer reduced their price objective on shares of Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.82.

Insider Activity at Sprout Social

In other news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $10.22, for a total transaction of $204,400.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at approximately $75,801.74. This represents a 72.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 70,566 shares of company stock valued at $899,581 over the last three months. 10.12% of the stock is currently owned by corporate insiders.

Sprout Social Trading Up 1.5%

SPT opened at $9.97 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market cap of $589.83 million, a price-to-earnings ratio of -12.30 and a beta of 0.88. The business’s 50 day moving average is $11.13 and its two-hundred day moving average is $15.94. Sprout Social, Inc. has a 52 week low of $9.16 and a 52 week high of $36.30.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $115.59 million for the quarter, compared to analysts’ expectations of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS. Q4 2025 guidance at 0.150-0.170 EPS. On average, research analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current year.

About Sprout Social

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.