Fox Run Management L.L.C. Invests $880,000 in Sprout Social, Inc. $SPT

Fox Run Management L.L.C. acquired a new position in shares of Sprout Social, Inc. (NASDAQ:SPT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,097 shares of the company’s stock, valued at approximately $880,000.

Other large investors have also bought and sold shares of the company. Nuveen LLC acquired a new position in Sprout Social during the first quarter worth about $13,131,000. Federated Hermes Inc. acquired a new position in Sprout Social during the 1st quarter worth approximately $5,354,000. Y Intercept Hong Kong Ltd bought a new position in Sprout Social in the 2nd quarter valued at approximately $4,214,000. Jennison Associates LLC boosted its position in Sprout Social by 8.7% in the second quarter. Jennison Associates LLC now owns 2,392,450 shares of the company’s stock valued at $50,026,000 after buying an additional 192,007 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in Sprout Social in the first quarter valued at approximately $3,034,000.

Sprout Social Price Performance

Shares of SPT opened at $10.00 on Monday. The business has a 50-day moving average of $12.54 and a 200-day moving average of $17.09. 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 has a market capitalization of $588.15 million, a price-to-earnings ratio of -12.35 and a beta of 0.88. Sprout Social, Inc. has a 1 year low of $9.46 and a 1 year high of $36.30.

Sprout Social (NASDAQ:SPT) last released its earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The business had revenue of $115.59 million during the quarter, compared to the consensus estimate of $114.86 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS. Q4 2025 guidance at 0.150-0.170 EPS. As a group, equities research analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction on 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 transaction, the insider owned 7,417 shares of the company’s stock, valued at $75,801.74. This trade 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 available at the SEC website. Insiders have sold a total of 70,566 shares of company stock worth $899,581 over the last ninety days. 10.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SPT has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Oppenheimer dropped their target price on Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 7th. Zacks Research cut Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. The Goldman Sachs Group dropped their price objective on shares of Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Canaccord Genuity Group cut their target price on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. 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 company. According to MarketBeat, Sprout Social has an average rating of “Hold” and a consensus target price of $26.55.

Sprout Social Company 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.