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Justyn Russell Howard, Executive Chair at Sprout Social, Inc. (NASDAQ:SPT), sold 20,000 shares of Class A Common Stock on October 7, 2025. The shares were sold at a weighted average price of $11.81, resulting in a total transaction value of $236,200. The prices for the sale ranged from $11.64 to $12.23, near the stock’s 52-week low of $11.63. The sale comes as the stock has declined nearly 62% year-to-date, though InvestingPro analysis suggests the stock is currently undervalued.
On the same day, Mr. Howard also converted 20,000 shares of Class B Common Stock into Class A Common Stock.
Following these transactions, Mr. Howard indirectly owns 7,417 shares of Class A Common Stock. He also indirectly owns 1,741,190 shares of Class B Common Stock and directly owns 518,874 shares of Class B Common Stock.
These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on September 10, 2024.
In other recent news, Sprout Social Inc. reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share of $0.18, exceeding the forecasted $0.15, and generated revenue of $111.8 million, which was higher than the anticipated $110.93 million. This positive earnings report was accompanied by a revenue beat of $1.1 million and an operating profit margin that was 110 basis points better than expected, as noted by Cantor Fitzgerald, which maintained a Neutral rating and a $24.00 price target on the stock. Additionally, Sprout Social saw strong additions of large customers during the quarter.
Needham reiterated its Buy rating and set a price target of $32.00 for Sprout Social, expressing optimism about growth stabilization and the potential for upside. The firm highlighted the increasing consumer social media usage and changing product search preferences as drivers of brand engagement. In other developments, Sprout Social published a shareholder letter from co-founder and board member Aaron Rankin, which was released as an exhibit to a regulatory filing with the Securities and Exchange Commission. The content of the letter was not detailed in the filing.
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