ArrowMark Colorado Holdings LLC Raises Stake in Sprout Social, Inc. $SPT

ArrowMark Colorado Holdings LLC boosted its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 9.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,723,921 shares of the company’s stock after purchasing an additional 421,189 shares during the quarter. Sprout Social comprises 1.1% of ArrowMark Colorado Holdings LLC’s portfolio, making the stock its 28th largest position. ArrowMark Colorado Holdings LLC owned approximately 7.98% of Sprout Social worth $61,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Algert Global LLC increased its stake in shares of Sprout Social by 20.2% during the third quarter. Algert Global LLC now owns 199,848 shares of the company’s stock valued at $2,582,000 after purchasing an additional 33,626 shares in the last quarter. Creative Planning boosted its position in shares of Sprout Social by 131.7% in the 3rd quarter. Creative Planning now owns 27,251 shares of the company’s stock worth $352,000 after purchasing an additional 15,490 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Sprout Social in the 3rd quarter worth approximately $3,883,000. Two Sigma Investments LP grew its stake in shares of Sprout Social by 717.3% in the 3rd quarter. Two Sigma Investments LP now owns 378,276 shares of the company’s stock worth $4,887,000 after buying an additional 331,993 shares during the last quarter. Finally, Topline Capital Management LLC bought a new position in Sprout Social during the 3rd quarter valued at approximately $17,555,000.

Wall Street Analyst Weigh In

SPT has been the subject of a number of recent research reports. Needham & Company LLC lowered their price objective on Sprout Social from $32.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 27th. The Goldman Sachs Group cut their target price on Sprout Social from $13.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Canaccord Genuity Group restated a “hold” rating and set a $9.00 price target (down from $16.00) on shares of Sprout Social in a report on Friday, February 27th. Barclays lowered their price target on Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, KeyCorp dropped 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. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.67.

Insider Buying and Selling

In related news, Director Aaron Edward Frederick Rankin bought 90,661 shares of the stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the purchase, the director owned 114,969 shares of the company’s stock, valued at approximately $1,280,754.66. The trade was a 372.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $5.96, for a total transaction of $238,400.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at approximately $44,205.32. The trade was a 84.36% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 103,855 shares of company stock worth $827,660. 10.12% of the stock is owned by corporate insiders.

Sprout Social Stock Performance

Shares of SPT opened at $5.86 on Friday. The business’s fifty day simple moving average is $8.16 and its two-hundred day simple moving average is $10.53. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. Sprout Social, Inc. has a 12 month low of $5.70 and a 12 month high of $25.81. The company has a market cap of $346.85 million, a price-to-earnings ratio of -7.92 and a beta of 0.94.

Sprout Social (NASDAQ:SPT) last posted its earnings results on Thursday, February 26th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Sprout Social had a negative return on equity of 16.10% and a negative net margin of 9.47%.The business had revenue of $120.89 million during the quarter, compared to analyst estimates of $118.68 million. 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. Research analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Sprout Social 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.