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Karen Walker, a director at Sprout Social, Inc. (NASDAQ:SPT), recently sold 5,000 shares of the company’s Class A common stock. The shares were sold for a total of $97,085, with prices ranging from $19.12 to $19.87 per share. The transaction comes as the stock trades near its 52-week low of $18.72, having declined about 65% over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this transaction, Walker holds 25,665 shares directly. Additionally, she indirectly owns 3,000 shares through various trusts. This transaction was executed under a 10b5-1 plan that Walker adopted on September 13, 2024. Despite the insider sale, seven analysts have recently revised their earnings expectations upward for the upcoming period. For comprehensive insider trading analysis and 12 additional ProTips, visit InvestingPro.
In other recent news, Sprout Social reported a slowdown in its fourth-quarter calculated remaining performance obligations (cRPO) bookings growth to 9% year-over-year. The company’s fiscal year 2025 revenue guidance is set at 11% growth, which falls short of the expected consensus of 14%. Analysts have reacted to these developments, with Scotiabank (TSX:BNS) reducing the price target to $25, citing the slower growth and maintaining a Sector Perform rating. Stifel also adjusted its price target to $34 while continuing to recommend the stock as a Buy, acknowledging strong performance in several key areas despite cautious first-quarter guidance for 2025.
Cantor Fitzgerald revised its price target for Sprout Social to $38, maintaining an Overweight rating, reflecting a new valuation approach. KeyBanc held its Underweight rating with a price target of $23, noting a significant reset in revenue expectations for 2025. Additionally, Sprout Social has amended its credit agreement, extending the maturity date to 2030 and revising the interest rate determination method. This financial restructuring provides the company with an extended timeline to manage its credit facilities effectively. These recent developments indicate a mixed outlook for Sprout Social as it navigates the challenges of the new fiscal year.
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