Haveli Investment Management LLC Takes Position in Sprout Social, Inc. $SPT

Key Points

• Haveli Investment Management acquired 2.17 million Sprout Social shares worth approximately $16.4 million, making up 9.1% of its portfolio and representing a 3.61% ownership stake in the company.
• Sprout Social exceeded quarterly expectations, reporting adjusted EPS of $0.26 versus the $0.16 consensus and revenue of $123.85 million versus $122.19 million expected. However, the company remains unprofitable, with a negative net margin of 6.13%.
• Analyst views remain mixed: the stock has a consensus “Hold” rating and a $10.43 target price, while recent target increases from Morgan Stanley and Barclays were offset by continuing sell ratings. Shares opened at $10.69, above the consensus target.

Haveli Investment Management LLC bought a new position in Sprout Social, Inc. (NASDAQ:SPT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,172,852 shares of the company's stock, valued at approximately $16,405,033,000. Sprout Social accounts for 9.1% of Haveli Investment Management LLC's investment portfolio, making the stock its 4th biggest position. Haveli Investment Management LLC owned about 3.61% of Sprout Social at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SPT. Summit Securities Group LLC lifted its position in Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company's stock worth $28,000 after buying an additional 2,015 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Sprout Social during the fourth quarter valued at $28,000. Essential Partners LLC increased its position in Sprout Social by 724.9% during the first quarter. Essential Partners LLC now owns 6,550 shares of the company's stock valued at $37,000 after acquiring an additional 5,756 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Sprout Social by 115.8% in the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company's stock valued at $48,000 after acquiring an additional 3,417 shares during the period. Finally, Quarry LP raised its stake in shares of Sprout Social by 264.2% in the third quarter. Quarry LP now owns 3,784 shares of the company's stock valued at $49,000 after acquiring an additional 2,745 shares during the period.

Sprout Social Price Performance

Shares of SPT stock opened at $10.69 on Wednesday. The company has a market capitalization of $647.71 million, a P/E ratio of -21.38 and a beta of 0.97. The company's 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $7.17. Sprout Social, Inc. has a one year low of $4.92 and a one year high of $16.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.10. The firm had revenue of $123.85 million during the quarter, compared to analyst estimates of $122.19 million. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%.Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, equities analysts anticipate that Sprout Social, Inc. will post -0.02 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPT shares. Morgan Stanley lifted their price target on shares of Sprout Social from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Sprout Social in a research report on Friday, July 17th. Wall Street Zen raised shares of Sprout Social from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Zacks Research upgraded Sprout Social from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Finally, Barclays upped their target price on Sprout Social from $9.00 to $12.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.43.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the transaction, the insider owned 7,417 shares of the company's stock, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company's stock.

About Sprout Social

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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