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Sprout Social Inc . (NASDAQ:SPT) Executive Chair Justyn Russell Howard sold 20,000 shares of Class A Common Stock on August 5, 2025, for a total of $327,560. The shares were sold at prices ranging from $16.19 to $16.64, near the stock’s 52-week low of $16.18. According to InvestingPro analysis, the stock appears undervalued despite falling over 50% in the past six months.
On the same day, Howard also converted 20,000 shares of Class B Common Stock to Class A Common Stock. The price per share for the conversion was $0, resulting in a total transaction value of $0.
Following these transactions, Howard directly owns 307,088 shares of Class A Common Stock. He also indirectly owns 7,417 shares of Class A Common Stock and 1,781,190 shares of Class B Common Stock.
In other recent news, Sprout Social reported strong financial results for the first quarter of 2025, with total revenue reaching $109.3 million, marking a 13% increase from the previous year. The company also achieved a record non-GAAP operating margin of 11.5%. In addition to these earnings, Sprout Social completed the acquisition of NewsWhip, an AI-powered predictive media intelligence company, for $55 million in cash, with potential earnouts of up to $10 million over the next two years. This acquisition aims to expand the company’s capabilities in the predictive intelligence market. On the analyst front, Cantor Fitzgerald initiated coverage of Sprout Social with a Neutral rating and a price target of $24.00. Meanwhile, Needham maintained a Buy rating with a $32.00 price target, expressing optimism about the company’s value to marketers. Oppenheimer adjusted its price target from $38.00 to $32.00 but maintained an Outperform rating, noting record margins and cash generation alongside concerns about slowing growth. These developments reflect Sprout Social’s strategic initiatives and market position.
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