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Joseph Del Preto, the Chief Financial Officer and Treasurer of Sprout Social, Inc. (NASDAQ:SPT), sold a portion of his shares in the company, according to a recent filing with the Securities and Exchange Commission. On April 1, Del Preto sold 1,500 shares of Class A Common Stock at an average price of $21.93 per share, totaling approximately $32,895. The transaction comes as Sprout Social, currently valued at $1.3 billion, trades near its 52-week low of $21.51, with the stock down over 61% in the past year. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimate.
Following this transaction, Del Preto holds 256,661 shares of Sprout Social, including various restricted stock units that will vest in future installments. This transaction was executed under a pre-established 10b5-1 trading plan adopted by Del Preto in August 2024. Notably, InvestingPro data shows seven analysts have recently revised their earnings estimates upward for the upcoming period, suggesting potential optimism about the company’s prospects. Access the complete Sprout Social research report and 12 additional ProTips by subscribing to InvestingPro.
In other recent news, Sprout Social Inc . has reported its earnings and revenue results, drawing varied reactions from analysts. The company disclosed fourth-quarter revenue that met consensus estimates but showed a slowdown in year-over-year growth, which has affected its fiscal year 2025 revenue guidance, setting it at 11% growth, lower than the expected 14%. This has led to several analysts adjusting their price targets for the company. Scotiabank (TSX:BNS) lowered its target to $25, maintaining a Sector Perform rating, while Stifel reduced its target to $34 but kept a Buy recommendation. Cantor Fitzgerald also adjusted its price target to $38, maintaining an Overweight rating, reflecting confidence in the company’s long-term potential despite short-term challenges. KeyBanc retained its Underweight rating with a price target of $23, citing a cautious outlook due to disappointing revenue guidance. Meanwhile, Goldman Sachs revised its target to $29, maintaining a Neutral rating, as it awaits clearer signs of growth recovery. These developments highlight the ongoing adjustments in market expectations for Sprout Social as it navigates a challenging demand environment.
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