Bullseye Asset Management LLC Increases Stock Position in Sprout Social, Inc. $SPT

Bullseye Asset Management LLC grew its stake in Sprout Social, Inc. (NASDAQ:SPT) by 197.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 149,014 shares of the company’s stock after acquiring an additional 98,877 shares during the period. Bullseye Asset Management LLC owned about 0.25% of Sprout Social worth $1,925,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Sprout Social in the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc lifted its stake in Sprout Social by 2,754.5% during the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock worth $45,000 after purchasing an additional 3,388 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Sprout Social by 55.5% during the second 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 period. Russell Investments Group Ltd. boosted its position in shares of Sprout Social by 2,690.2% during the second quarter. Russell Investments Group Ltd. now owns 6,529 shares of the company’s stock worth $137,000 after buying an additional 6,295 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Sprout Social by 17.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,200 shares of the company’s stock valued at $183,000 after buying an additional 2,100 shares in the last quarter.

Insider Activity at Sprout Social

In related news, Director Aaron Edward Frederick Rankin acquired 90,661 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $11.14 per share, with a total value of $1,009,963.54. Following the completion of the acquisition, the director owned 114,969 shares in the company, valued at $1,280,754.66. This trade represents a 372.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00. Following the sale, the insider owned 7,417 shares of the company’s stock, valued at $79,361.90. This represents a 84.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 103,855 shares of company stock valued at $827,660 over the last three months. 10.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPT. Needham & Company LLC decreased their target price on Sprout Social from $32.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group dropped their target price on Sprout Social from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. KeyCorp cut their price target on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Canaccord Genuity Group reissued a “hold” rating and set a $9.00 price target (down from $16.00) on shares of Sprout Social in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.67.

Sprout Social Stock Performance

NASDAQ:SPT opened at $5.86 on Friday. Sprout Social, Inc. has a 12 month low of $5.70 and a 12 month high of $25.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $346.85 million, a PE ratio of -7.92 and a beta of 0.94. The business’s fifty day moving average price is $8.16 and its 200 day moving average price is $10.57.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $120.89 million during the quarter, compared to the consensus estimate of $118.68 million. Sprout Social had a negative return on equity of 16.10% and a negative net margin of 9.47%.Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

About Sprout Social

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.