Sprout Social, Inc. $SPT Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,560 shares of the company's stock after selling 116,887 shares during the period. Bank of America Corp DE owned approximately 0.41% of Sprout Social worth $1,400,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sprout Social by 2.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company's stock worth $1,168,000 after buying an additional 1,265 shares during the period. Russell Investments Group Ltd. grew its stake in Sprout Social by 39.1% in the 4th quarter. Russell Investments Group Ltd. now owns 6,235 shares of the company's stock valued at $70,000 after acquiring an additional 1,752 shares during the period. Tower Research Capital LLC TRC grew its stake in Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company's stock valued at $115,000 after acquiring an additional 1,962 shares during the period. Summit Securities Group LLC increased its holdings in Sprout Social by 399.0% in the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company's stock worth $28,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Sprout Social by 13.0% in the 2nd quarter. Headlands Technologies LLC now owns 18,573 shares of the company's stock worth $388,000 after acquiring an additional 2,131 shares in the last quarter.

Sprout Social Stock Down 0.1%

SPT stock opened at $11.36 on Friday. The stock has a market capitalization of $688.30 million, a PE ratio of -22.72 and a beta of 0.95. The company has a fifty day moving average of $9.20 and a 200-day moving average of $7.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. Sprout Social, Inc. has a one year low of $4.92 and a one year high of $15.56.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $123.85 million during the quarter, compared to analysts' expectations of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. 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, analysts expect that Sprout Social, Inc. will post -0.02 EPS for the current year.

Insider Activity at Sprout Social

In other news, insider Justyn Howard sold 10,895 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $11.45, for a total transaction of $124,747.75. Following the sale, the insider owned 239,840 shares of the company's stock, valued at $2,746,168. The trade was a 4.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,612 shares of company stock worth $464,157. 9.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SPT has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Sprout Social from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Zacks Research raised shares of Sprout Social from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Barclays boosted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Sprout Social from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Finally, Morgan Stanley lifted their price objective on Sprout Social from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.43.

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.

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