Sprout Social
About: Sprout Social Inc develops a cloud software that brings together social messaging, data and workflows in a unified system of record, intelligence, and action. The firm generates majority revenue from software subscriptions.
Employees: 1,383
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more call options, than puts
Call options by funds: $8.94M | Put options by funds: $5.47M
9% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 68
7% less funds holding
Funds holding: 219 [Q2] → 204 (-15) [Q3]
7.08% less ownership
Funds ownership: 111.53% [Q2] → 104.45% (-7.08%) [Q3]
23% less capital invested
Capital invested by funds: $1.98B [Q2] → $1.53B (-$456M) [Q3]
31% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 49
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$29
11%
downside
Avg. target
$40
23%
upside
High target
$55
69%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
Oppenheimer Brian Schwartz 65% 1-year accuracy 30 / 46 met price target | 17%upside $38 | Outperform Maintained | 3 Dec 2024 |
Piper Sandler Clarke Jeffries 61% 1-year accuracy 30 / 49 met price target | 11%downside $29 | Neutral Maintained | 11 Nov 2024 |
Needham Scott Berg 62% 1-year accuracy 93 / 149 met price target | 69%upside $55 | Buy Reiterated | 8 Nov 2024 |
Barclays Raimo Lenschow 59% 1-year accuracy 52 / 88 met price target | 17%upside $38 | Overweight Maintained | 11 Oct 2024 |
Financial journalist opinion
Based on 3 articles about SPT published over the past 30 days
Negative
Invezz
9 hours ago
Sprout Social stock is down 77% from ATH: time to buy the dip?
Sprout Social stock price has remained under pressure this year as the company's growth trajectory slowed. SPT was trading at $32.45, down by over 77.5% from its all-time high, bringing its valuation to about $1.86 billion.
Neutral
GlobeNewsWire
4 days ago
Sprout Social Named a Leader in Worldwide Social Marketing Software for Large Enterprises by IDC MarketScape
The 2024-25 IDC MarketScape report recognizes Sprout for its comprehensive social suite, dedicated customer support and robust security features The 2024-25 IDC MarketScape report recognizes Sprout for its comprehensive social suite, dedicated customer support and robust security features
Neutral
Zacks Investment Research
1 week ago
Is the Options Market Predicting a Spike in Sprout Social (SPT) Stock?
Investors need to pay close attention to Sprout Social (SPT) stock based on the movements in the options market lately.
Neutral
GlobeNewsWire
1 month ago
Sprout Social Empowers Brands to Unlock New Potential and Boost Competitiveness with Updates to its Suite of AI Solutions
Latest innovations bolster Sprout's portfolio of human-centered AI products, help social teams scale operations with ease and elevate executive reporting Latest innovations bolster Sprout's portfolio of human-centered AI products, help social teams scale operations with ease and elevate executive reporting
Neutral
GlobeNewsWire
1 month ago
Sprout Social Earns 2025 Buyer's Choice Award From TrustRadius
CHICAGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, announced that TrustRadius has recognized their product with a 2025 Buyer's Choice Award.
Negative
Seeking Alpha
1 month ago
Sprout Social: This Sharp Deceleration Is Startling
Shares of Sprout Social sputtered after reporting weak Q3 results that featured a sharp deceleration in revenue growth rates. Year to date, the stock has lost half of its value. The company insists that it's facing macro-related headwinds, but its failure to maintain its growth pace suggests its product may not be suitable for the enterprise market. Guidance for Q4 calls for an even sharper pace of deceleration to just 14% y/y growth.
Neutral
PRNewsWire
1 month ago
Kuehn Law Encourages Investors of Sprout Social, Inc. to Contact Law Firm
NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Sprout Social, Inc. (NASDAQ: SPT) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Sprout Social insiders caused the company to misrepresent or fail to disclose that (1) the Company's sales and revenue growth were not indicative of the Company's growth as it transitioned to an enterprise sales cycle; (2) the Company faced integration challenges with its acquisition of Tagger, a leading influencer marketing and social intelligence platform; (3) as a result, the Company was "self inducing sales headwinds;" (4) as a result, the Company would revise fiscal year 2024 revenue guidance; and (5) as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Neutral
Seeking Alpha
1 month ago
Sprout Social, Inc. (SPT) Q3 2024 Earnings Call Transcript
Sprout Social, Inc. (NASDAQ:SPT ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Alex Kurtz - VP, IR Ryan Barretto - CEO, President Joe Del Preto - CFO Conference Call Participants Parker Lane - Stifel David Hynes - Canaccord Genuity Raimo Lenschow - Barclays Arjun Bhatia - William Blair Adam Hotchkiss - Goldman Sachs Elizabeth Porter - Morgan Stanley Thomas Shinske - Cantor Fitzgerald Brian Schwartz - Oppenheimer Jackson Ader - KeyBanc Capital Markets Robert Morelli - Needham & Company Operator Ladies and gentlemen, welcome to the 2024 Q3 Earnings Sprout Social, Incorporated Conference Call. All lines have been placed on mute to prevent any background noise.
Positive
Zacks Investment Research
1 month ago
Sprout Social (SPT) Beats Q3 Earnings and Revenue Estimates
Sprout Social (SPT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.01 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Kuehn Law Encourages Investors of Sprout Social, Inc. to Contact Law Firm
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Sprout Social, Inc. (NASDAQ: SPT) breached their fiduciary duties to shareholders.
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