Sprout Social (NASDAQ:SPT – Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.12 to $0.13 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $101.9 million to $102.1 million, compared to the consensus revenue estimate of $101.89 million. Sprout Social also updated its FY 2024 guidance to 0.450-0.460 EPS.
Sprout Social Stock Performance
Shares of SPT stock traded down $4.33 during trading hours on Friday, hitting $32.93. 1,049,495 shares of the company were exchanged, compared to its average volume of 613,503. The firm has a fifty day simple moving average of $35.08 and a 200 day simple moving average of $47.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. Sprout Social has a 52-week low of $25.68 and a 52-week high of $68.41. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -26.34 and a beta of 1.00.
Sprout Social (NASDAQ:SPT – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.10. The company had revenue of $96.78 million during the quarter, compared to the consensus estimate of $97.29 million. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.88%. Research analysts predict that Sprout Social will post -0.84 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on SPT
Insider Activity
In other news, President Ryan Paul Barretto sold 15,586 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $32.14, for a total transaction of $500,934.04. Following the sale, the president now owns 484,115 shares in the company, valued at $15,559,456.10. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, President Ryan Paul Barretto sold 15,586 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $32.14, for a total transaction of $500,934.04. Following the transaction, the president now owns 484,115 shares in the company, valued at $15,559,456.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $36.13, for a total transaction of $722,600.00. Following the transaction, the chief executive officer now owns 398,229 shares in the company, valued at approximately $14,388,013.77. The disclosure for this sale can be found here. Insiders have sold a total of 92,470 shares of company stock worth $3,063,248 over 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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