Sprout Social (NASDAQ:SPT – Get Free Report) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.120-0.130 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $101.9 million-$102.1 million, compared to the consensus revenue estimate of $101.9 million. Sprout Social also updated its FY 2024 guidance to 0.450-0.460 EPS.
Sprout Social Price Performance
NASDAQ:SPT traded down $4.33 during trading hours on Friday, hitting $32.93. 1,049,495 shares of the stock were exchanged, compared to its average volume of 613,503. Sprout Social has a 52-week low of $25.68 and a 52-week high of $68.41. The firm’s fifty day moving average price is $35.08 and its 200 day moving average price is $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. The company has a market cap of $1.86 billion, a P/E ratio of -26.34 and a beta of 1.00.
Sprout Social (NASDAQ:SPT – Get Free Report) last posted 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. Sprout Social had a negative return on equity of 44.88% and a negative net margin of 19.60%. The company had revenue of $96.78 million during the quarter, compared to analyst estimates of $97.29 million. As a group, equities research analysts anticipate that Sprout Social will post -0.84 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on SPT
Insider Transactions at Sprout Social
In other news, President Ryan Paul Barretto sold 11,200 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $36.10, for a total transaction of $404,320.00. Following the completion of the transaction, the president now directly owns 186,975 shares in the company, valued at approximately $6,749,797.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Ryan Paul Barretto sold 11,200 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $36.10, for a total transaction of $404,320.00. Following the completion of the transaction, the president now directly owns 186,975 shares in the company, valued at approximately $6,749,797.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.50, for a total value of $570,000.00. Following the transaction, the chief executive officer now owns 406,636 shares of the company’s stock, valued at $11,589,126. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,470 shares of company stock worth $3,063,248. 10.97% of the stock is currently owned by company 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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