Sprout Social (NASDAQ:SPT – Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.12 to $0.13 for the period, compared to the consensus 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 traded down $4.33 during trading hours on Friday, hitting $32.93. The company had a trading volume of 1,049,495 shares, compared to its average volume of 613,503. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -26.34 and a beta of 1.00. The business has a fifty day moving average of $35.08 and a 200-day moving average of $47.31. Sprout Social has a 12 month low of $25.68 and a 12 month high of $68.41. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31.
Sprout Social (NASDAQ:SPT – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.10. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.88%. The business had revenue of $96.78 million for the quarter, compared to analyst estimates of $97.29 million. Equities analysts anticipate that Sprout Social will post -0.84 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Sprout Social
Insider Activity at Sprout Social
In other news, Director Aaron Edward Frederick Rankin sold 1,184 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $32.14, for a total value of $38,053.76. Following the sale, the director now directly owns 43,303 shares of the company’s stock, valued at $1,391,758.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Aaron Edward Frederick Rankin sold 1,184 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $32.14, for a total value of $38,053.76. Following the sale, the director now directly owns 43,303 shares of the company’s stock, valued at $1,391,758.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Ryan Paul Barretto sold 11,200 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $36.10, for a total transaction of $404,320.00. Following the completion of the sale, the president now directly owns 186,975 shares in the company, valued at $6,749,797.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,470 shares of company stock worth $3,063,248. Company insiders own 10.97% of the company’s stock.
Sprout Social Company Profile
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.
Further Reading
- Five stocks we like better than Sprout Social
- How to Invest in Insurance Companies: A GuideĀ
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- ETF Screener: Uses and Step-by-Step Guide
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Best Stocks Under $5.00
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Sprout Social Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprout Social and related companies with MarketBeat.com's FREE daily email newsletter.