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Justyn Russell Howard, Executive Chair at Sprout Social, Inc. (NASDAQ:SPT), sold a total of 30,566 shares of Class A Common Stock on September 3rd and 5th. The social media management platform company, currently valued at approximately $887 million, has seen its stock decline over 43% in the past six months.
The sales occurred in two separate transactions. On September 3rd, Howard sold 10,566 shares at a price of $15.163, totaling $160,212. Following this, on September 5th, Howard sold 20,000 shares at a weighted average price of $14.937, for a total value of $298,740. The price for these shares ranged from $14.75 to $15.26. According to InvestingPro analysis, while the company isn’t currently profitable, analysts expect positive earnings this year, with the stock currently trading below its Fair Value.
On September 5th, Howard also acquired 20,000 shares of Class A Common Stock, through conversion of Class B Common Stock, at $0. For deeper insights into insider transactions and comprehensive analysis of SPT’s financial health, investors can access detailed reports and metrics through InvestingPro, which offers exclusive access to 8+ additional key insights about the company.
In other recent news, Sprout Social reported its second-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.18, compared to the forecast of $0.15. The company’s revenue also exceeded projections, reaching $111.8 million against the anticipated $110.93 million. These results included a revenue beat of $1.1 million and an operating profit margin that was 110 basis points better than expected. Cantor Fitzgerald maintained its Neutral rating on Sprout Social, with a price target of $24.00, following these earnings results. The company also saw strong additions of large customers during this period. Additionally, Sprout Social published a shareholder letter from co-founder and board member Aaron Rankin, released as part of a regulatory filing with the SEC. The details of the letter were not disclosed in the filing.
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