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Justyn Russell Howard, Executive Chair at Sprout Social, Inc. (NASDAQ:SPT), a social media management platform company with a market capitalization of $1.15 billion, sold 40,000 shares of Class A Common Stock on July 8, 2025, for a total of $845,000. The sales occurred at prices ranging from $20.675 to $21.49 per share, amid a challenging period that saw the stock decline over 32% in the past six months. According to InvestingPro analysis, the company maintains impressive gross profit margins of nearly 78% and appears undervalued at current levels.
On the same day, Howard also converted 40,000 shares of Class B Common Stock into Class A Common Stock. The price for this transaction was $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 1,801,190 shares of Class B common stock.
In other recent news, Sprout Social Inc . reported a strong financial performance 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%. Despite the revenue falling slightly short of the forecasted $110.14 million, the robust overall financial performance and growth in key metrics mitigated any negative impact. On the analyst front, Cantor Fitzgerald initiated coverage on Sprout Social with a Neutral rating, citing the company’s market share growth and potential in social commerce. Needham maintained a Buy rating with a $32 price target, expressing confidence in Sprout Social’s value to marketers, supported by insights from a customer call with Caesars (NASDAQ:CZR) Entertainment. Oppenheimer adjusted its price target for Sprout Social from $38 to $32, while maintaining an Outperform rating, highlighting both the company’s record margins and concerns about deceleration in business growth. These developments reflect a mix of optimism and caution among analysts regarding Sprout Social’s future trajectory in the social media management sector.
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