Sprout Social (NASDAQ:SPT – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.150-0.160 for the period, compared to the consensus estimate of 0.160. The company issued revenue guidance of $106.3 million-$107.1 million, compared to the consensus revenue estimate of $107.4 million. Sprout Social also updated its FY 2024 guidance to 0.460-0.470 EPS.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Robert W. Baird boosted their price target on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Oppenheimer reduced their price target on Sprout Social from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Cantor Fitzgerald restated an “overweight” rating and set a $46.00 price objective on shares of Sprout Social in a report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of Sprout Social in a report on Friday, August 2nd. Finally, Barclays decreased their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.00.
View Our Latest Stock Report on Sprout Social
Sprout Social Price Performance
Insiders Place Their Bets
In other Sprout Social news, CFO Preto Joseph Del sold 1,500 shares of Sprout Social stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.27, for a total transaction of $42,405.00. Following the completion of the sale, the chief financial officer now owns 158,614 shares of the company’s stock, valued at $4,484,017.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.27, for a total transaction of $42,405.00. Following the completion of the transaction, the chief financial officer now owns 158,614 shares in the company, valued at $4,484,017.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aaron Edward Frederick Rankin sold 1,181 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total transaction of $34,520.63. Following the completion of the transaction, the director now directly owns 42,122 shares in the company, valued at $1,231,226.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,882 shares of company stock valued at $1,801,351 in the last 90 days. 10.97% of the stock is currently owned by insiders.
About Sprout Social
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.
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