Capital Fund Management S.A. Buys Shares of 65,929 Sprout Social, Inc. $SPT

Capital Fund Management S.A. bought a new position in Sprout Social, Inc. (NASDAQ:SPT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,929 shares of the company’s stock, valued at approximately $1,379,000. Capital Fund Management S.A. owned about 0.11% of Sprout Social at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Sprout Social by 85.2% during the first quarter. Quarry LP now owns 1,463 shares of the company’s stock worth $32,000 after buying an additional 673 shares during the period. First Horizon Advisors Inc. increased its position in Sprout Social by 78.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares during the period. PNC Financial Services Group Inc. raised its stake in Sprout Social by 8.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company’s stock valued at $206,000 after acquiring an additional 747 shares in the last quarter. Rhumbline Advisers boosted its position in Sprout Social by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,264 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Sprout Social by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,265 shares during the period.

Sprout Social Stock Up 1.1%

NASDAQ SPT opened at $10.51 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day simple moving average is $10.83 and its 200 day simple moving average is $15.55. Sprout Social, Inc. has a 12 month low of $9.16 and a 12 month high of $36.30. The company has a market capitalization of $622.09 million, a P/E ratio of -12.98 and a beta of 0.79.

Sprout Social (NASDAQ:SPT) last issued its earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $115.59 million during 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 firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS and its Q4 2025 guidance at 0.150-0.170 EPS. Equities research analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Justyn Russell Howard sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total transaction of $204,400.00. Following the sale, the insider directly owned 7,417 shares of the company’s stock, valued at $75,801.74. The trade was a 72.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.12% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Sprout Social Profile

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.