Sprout Social
SPT
Market cap $1.59B

27.90 USD

-0.45

1.59%

Updated Oct 22, 12:20 PM EDT

1 day

-1.59%

5 days

-5.26%

1 month

-3.23%

3 months

-25.10%

6 months

-45.60%

Year to date

-52.56%

1 year

-38.68%

5 years

68.07%

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

Information Technology Prepackaged Software

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

225% more call options, than puts

Call options by funds: $16.7M | Put options by funds: $5.14M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

29% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 66

8.04% less ownership

Funds ownership: 116.45% [Q1] → 108.4% (-8.04%) [Q2]

11% less funds holding

Funds holding: 247 [Q1] → 219 (-28) [Q2]

39% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 71

44% less capital invested

Capital invested by funds: $3.43B [Q1] → $1.93B (-$1.51B) [Q2]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$28

0%

upside

Avg. target

$44

57%

upside

High target

$55

97%

upside

6 analyst ratings

4 positive

67%

1 neutral

17%

1 negative

17%

Barclays Raimo Lenschow 44% 1-year accuracy 24 / 55 met price target	36%upside $38	Overweight Maintained	11 Oct 2024
Keybanc Jackson Ader 88% 1-year accuracy 7 / 8 met price target	0%upside $28	Underweight Downgraded	22 Aug 2024
Baird Rob Oliver 76% 1-year accuracy 25 / 33 met price target	43%upside $40	Neutral Maintained	2 Aug 2024
Cantor Fitzgerald Brett Knoblauch 61% 1-year accuracy 34 / 56 met price target	65%upside $46	Overweight Reiterated	2 Aug 2024
Needham Scott Berg 40% 1-year accuracy 44 / 111 met price target	97%upside $55	Buy Reiterated	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Sprout Social to Announce Third Quarter 2024 Financial Results on November 7, 2024

CHICAGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending September 30, 2024 after market close on Thursday, November 7, 2024.

Sprout Social to Announce Third Quarter 2024 Financial Results on November 7, 2024

Sprout Social Deepens Commitment to Public Sector by Partnering With Carahsoft as a NASPO-Approved Vendor for Government Agencies

Contract addition enhances the availability of Sprout Social's social media management platform to the Public Sector Contract addition enhances the availability of Sprout Social's social media management platform to the Public Sector

Sprout Social Deepens Commitment to Public Sector by Partnering With Carahsoft as a NASPO-Approved Vendor for Government Agencies

Is it time to exit Sprout Social? KeyBanc downgrades and slashes target to $28

Sprout Social Inc. (NASDAQ: SPT) is in the spotlight today after KeyBanc Capital Markets downgraded the stock from Sector Weight to Underweight with a new price target of $28, reflecting a 17.5% downside from its current trading price.

Is it time to exit Sprout Social? KeyBanc downgrades and slashes target to $28

Sprout Social Turnaround Could Take Even Longer Than Expected, Says Bearish Analyst

Shares of Sprout Social Inc SPT tanked in early trading on Thursday.

Sprout Social Turnaround Could Take Even Longer Than Expected, Says Bearish Analyst

Sprout Social Names Mike Wolff as Chief Revenue Officer

CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Mike Wolff to Chief Revenue Officer, effective September 2, 2024. As Chief Revenue Officer, Wolff will oversee Sprout's global Sales, Success and Partnerships organization. He will focus on the continued global growth and expansion of Sprout's innovative offerings.

Sprout Social Names Mike Wolff as Chief Revenue Officer

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7 Moonshot Stocks That Could Turn $10K Into $100K

Sprout Social: Not Quite Ready To Rebound Yet (Rating Downgrade)

Sprout Social fell slightly after reporting Q2 results, putting a stop to its recent post-Q1 rebound. The company reported revenue growth decelerating to 25% y/y (versus the mid-30s as recently as two quarters ago), and is expecting to slow further to 19% y/y growth in Q3. Management is noting that the buying environment is still soft, with greater scrutiny and approvals needed to close deals.

Sprout Social: Not Quite Ready To Rebound Yet (Rating Downgrade)

Sprout Social, Inc. (SPT) Q2 2024 Earnings Call Transcript

Sprout Social, Inc. (NASDAQ:SPT ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Jason Rechel - Vice President, Investor Relations Justyn Howard - Chief Executive Officer Ryan Barretto - President Joe Del Preto - Chief Financial Officer Conference Call Participants David Hynes - Canaccord Genuity Parker Lane - Stifel Arjun Bhatia - William Blair Adam Hotchkiss - Goldman Sachs Jackson Ader - KeyBanc Capital Markets Elizabeth Porter - Morgan Stanley Matt VanVliet - BTIG Brian Schwartz - Oppenheimer Surinder Thind - Jefferies Operator Thank you for standing by. My name is Meg, and I will be your conference operator today.

Sprout Social, Inc. (SPT) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Sprout Social (SPT) Surpasses Q2 Earnings and Revenue Estimates

Sprout Social (SPT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.

Sprout Social (SPT) Surpasses Q2 Earnings and Revenue Estimates

Sprout Social Announces Second Quarter 2024 Financial Results Ahead of Guidance Range

CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its second quarter ended June 30, 2024. “We're pleased to share that we're tracking ahead of the plan outlined last quarter,” said Ryan Barretto, President and incoming CEO.

Sprout Social Announces Second Quarter 2024 Financial Results Ahead of Guidance Range

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