SG Americas Securities LLC Boosts Holdings in Sprout Social, Inc. $SPT

SG Americas Securities LLC boosted its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 129.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 26,540 shares of the company’s stock after buying an additional 14,987 shares during the quarter. SG Americas Securities LLC’s holdings in Sprout Social were worth $555,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP increased its position in shares of Sprout Social by 85.2% during the 1st quarter. Quarry LP now owns 1,463 shares of the company’s stock worth $32,000 after purchasing an additional 673 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Sprout Social by 78.9% during the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock worth $32,000 after buying an additional 675 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sprout Social during the first quarter valued at about $47,000. CWM LLC raised its stake in shares of Sprout Social by 266.3% in the 2nd quarter. CWM LLC now owns 3,934 shares of the company’s stock valued at $82,000 after acquiring an additional 2,860 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of Sprout Social by 205.1% in the 1st quarter. AlphaQuest LLC now owns 4,479 shares of the company’s stock valued at $98,000 after acquiring an additional 3,011 shares during the period.

Sprout Social Trading Down 1.0%

SPT opened at $9.82 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. Sprout Social, Inc. has a one year low of $9.16 and a one year high of $36.30. The company has a market cap of $581.25 million, a P/E ratio of -12.12 and a beta of 0.88. The business’s 50-day simple moving average is $11.31 and its 200-day simple moving average is $16.08.

Sprout Social (NASDAQ:SPT) last issued its 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. 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 analysts’ expectations of $114.86 million. During the same quarter in the prior year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. 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 expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total transaction of $204,400.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 70,566 shares of company stock valued at $899,581 in the last quarter. Insiders own 10.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPT. Zacks Research lowered 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 lowered their target price on Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. The Goldman Sachs Group cut their price target on shares of Sprout Social from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Finally, 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 report on Friday, November 7th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.