Federated Hermes Inc. Purchases 443,774 Shares of Sprout Social, Inc. $SPT

Federated Hermes Inc. boosted its position in shares of Sprout Social, Inc. (NASDAQ:SPT) by 182.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 687,234 shares of the company’s stock after buying an additional 443,774 shares during the period. Federated Hermes Inc. owned approximately 1.18% of Sprout Social worth $14,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after acquiring an additional 28,667 shares during the period. PNC Financial Services Group Inc. lifted its stake in Sprout Social by 8.7% during the first quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company’s stock worth $206,000 after purchasing an additional 747 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 14,771 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sprout Social by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 482,644 shares of the company’s stock valued at $10,613,000 after purchasing an additional 11,910 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Sprout Social by 1.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 276,886 shares of the company’s stock worth $6,089,000 after buying an additional 4,385 shares in the last quarter.

Analyst Ratings Changes

SPT has been the topic of several research analyst reports. Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Canaccord Genuity Group reduced their price target on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped 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 research note on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sprout Social currently has an average rating of “Hold” and a consensus price target of $25.82.

Sprout Social Stock Down 0.3%

Shares of NASDAQ SPT opened at $11.29 on Thursday. The company has a 50 day simple moving average of $10.64 and a 200 day simple moving average of $15.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. Sprout Social, Inc. has a 1 year low of $9.16 and a 1 year high of $36.30. The firm has a market cap of $668.26 million, a PE ratio of -13.94 and a beta of 0.79.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. 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. On average, research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current year.

Insiders Place Their Bets

In related news, insider Justyn Russell Howard sold 20,000 shares of the firm’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 completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $75,801.74. This trade represents a 72.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.12% of the stock is owned by insiders.

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.