Sprout Social CFO Del Preto sells $24,627 in stock

Published 06/08/2025, 21:52
Sprout Social CFO Del Preto sells $24,627 in stock

Sprout Social, Inc. NASDAQ:SPT) Chief Financial Officer Joseph Del Preto sold 1,500 shares of Class A Common Stock on August 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $16.19 to $16.64, netting a total of $24,627. The sale comes as the stock trades near its 52-week low of $16.18, having declined over 50% in the past six months.

Following the transaction, Del Preto directly owns 247,012 shares of Sprout Social. This total includes unvested Restricted Stock Units (RSUs) that will vest in various future installments, as detailed in the filing’s footnotes. Despite recent stock performance, the company maintains impressive gross profit margins of 78%, and seven analysts have recently revised their earnings expectations upward.

The sale was executed under a pre-arranged 10b5-1 trading plan adopted by Del Preto on August 20, 2024. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.

In other recent news, Sprout Social Inc (NASDAQ:SPT). reported strong financial results for the first quarter of 2025, with total revenue reaching $109.3 million, marking a 13% increase year-over-year. The company also achieved a record non-GAAP operating margin of 11.5%. In a strategic move to enhance its AI capabilities, Sprout Social acquired NewsWhip, a predictive media intelligence firm, for $55 million in cash, with potential performance-based earnouts of up to $10 million. This acquisition was funded through Sprout’s revolving credit facility and cash reserves.

In terms of analyst activity, Cantor Fitzgerald initiated coverage on Sprout Social with a Neutral rating and a price target of $24.00, citing the company’s market share gains in the Social Media Management sector. Needham maintained a Buy rating with a $32.00 price target, supported by positive insights from a customer call with Caesars (NASDAQ:CZR) Entertainment. Meanwhile, Oppenheimer reduced its price target for Sprout Social to $32.00 from $38.00 but kept an Outperform rating, noting record margins and cash generation despite concerns over the deceleration in business growth.

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