Sprout Social (NASDAQ:SPT – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.450-0.460 for the period, compared to the consensus EPS estimate of 0.470. The company issued revenue guidance of $405.0 million-$406.0 million, compared to the consensus revenue estimate of $405.5 million. Sprout Social also updated its FY24 guidance to $0.45 to $0.46 EPS.
Sprout Social Trading Down 11.6 %
Shares of SPT traded down $4.33 during trading hours on Friday, reaching $32.93. 1,049,495 shares of the company traded hands, compared to its average volume of 613,503. Sprout Social has a 12 month low of $25.68 and a 12 month high of $68.41. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -26.34 and a beta of 1.00. The company’s fifty day moving average price is $35.08 and its two-hundred day moving average price is $47.31. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31.
Sprout Social (NASDAQ:SPT – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.10. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.88%. The company had revenue of $96.78 million during the quarter, compared to analysts’ expectations of $97.29 million. Equities research analysts predict that Sprout Social will post -0.84 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Report on Sprout Social
Insider Buying and Selling at Sprout Social
In other Sprout Social news, President Ryan Paul Barretto sold 15,586 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total value of $500,934.04. Following the completion of the transaction, the president now directly owns 484,115 shares in the company, valued at approximately $15,559,456.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sprout Social news, President Ryan Paul Barretto sold 15,586 shares of Sprout Social stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $32.14, for a total value of $500,934.04. Following the sale, the president now owns 484,115 shares of the company’s stock, valued at approximately $15,559,456.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $36.66, for a total value of $54,990.00. Following the sale, the chief financial officer now directly owns 165,624 shares in the company, valued at $6,071,775.84. The disclosure for this sale can be found here. Insiders have sold a total of 92,470 shares of company stock valued at $3,063,248 over the last ninety days. 10.97% of the stock is currently owned by company insiders.
Sprout Social Company Profile
Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.
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