Sprout Social

Sprout Social, Inc. provides online social media management tools for businesses. It offers communication tools, contact management, lead generation, and analytics services. The company offers solutions for enterprises, agencies, small businesses, customer service, social media marketing, and employee advocacy sectors. Sprout Social was founded by Justyn Howard, Aaron Rankin and Gilbert Lara in 2010 and is headquartered in Chicago, IL.

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Sprout Social reports record Q4 growth and profitability outlook

Sprout Social's Q4 performance reflects strong growth and profitability, driven by enterprise strength, pricing changes, and strategic partnerships. The company is well-positioned for 2023 with a focus on product innovation, pricing evolution, and international market expansion.

Sprout Social accelerates revenue growth through strategic partnerships and enterprise focus

Sprout Social's Q1 2023 performance showcased strong revenue growth, improved margins, and enhanced customer base quality.
Strategic partnerships with key players like Twitter and Salesforce are driving market positioning and revenue diversification.
While challenges like accelerated churn and softness in customer adds exist, opportunities in AI integration and enterprise investments offer avenues for sustained growth.

Sprout Social excels in Q2 2023 with strategic acquisitions and growth opportunities

Sprout Social's Q2 2023 Earnings Call highlighted strong financial performance, strategic acquisitions, and growth opportunities in influencer marketing and customer expansion. While facing challenges in cohort stabilization and revenue projections, the company remains optimistic about its positioning and future prospects.

Sprout Social reports robust Q3 earnings, eyes AI for growth

Sprout Social's Q3 performance showcased strong growth in revenue, ARR, and operating margins. The company's strategic focus on AI, enterprise growth, and product enhancements is driving its competitive edge. Despite challenges in the low-end market segment, Sprout Social remains confident in its outlook and continues to invest in key areas for sustained growth.

Sprout Social excels in Q4, eyes growth through premium products

Sprout Social's Q4 2023 Earnings Call highlighted strong financial performance, strategic customer focus, and growth opportunities in premium products and partnerships. While facing challenges in retention rates and transitioning business offerings, the company remains optimistic about future growth and revenue guidance.

Sprout Social reports solid Q1 growth amidst strategic challenges

Sprout Social's Q1 2024 performance showed strong revenue growth but faced challenges in execution and macro environment. The company's focus on high-value customer cohorts and strategic go-to-market changes aims to drive future growth. Analyst inquiries centered on sales cycles, guidance variability, and the impact of TikTok regulatory changes.

Sprout Social exceeds $100M revenue milestone, eyes enterprise market

Sprout Social's Q3 performance reflects strong revenue growth and a focus on enhancing customer experience. The company's strategic initiatives, product innovations, and leadership changes are positioning them for future success. Despite potential challenges, Sprout Social's financial outlook remains positive, with opportunities for growth and expansion.

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Sprout Social, Inc. engages in the provision of online social media management tools for businesses. It offers communication tools, contact management, lead generation, and analytics services. The firm also offers solutions for enterprises, agencies, small businesses, customer service, social media marketing, and employee advocacy sectors. The company was founded by Justyn Howard, Aaron Rankin, Gilbert Lara, and Peter Soung on April 21, 2010 and is headquartered in Chicago, IL.

Latest innovations bolster Sprout's portfolio of human-centered AI products, help social teams scale operations with ease and elevate executive reporting Latest innovations bolster Sprout's portfolio of human-centered AI products, help social teams scale operations with ease and elevate executive reporting

Sprout Social Empowers Brands to Unlock New Potential and Boost Competitiveness with Updates to its Suite of AI Solutions

CHICAGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, announced that TrustRadius has recognized their product with a 2025 Buyer's Choice Award.

Sprout Social Earns 2025 Buyer's Choice Award From TrustRadius

Shares of Sprout Social sputtered after reporting weak Q3 results that featured a sharp deceleration in revenue growth rates. Year to date, the stock has lost half of its value. The company insists that it's facing macro-related headwinds, but its failure to maintain its growth pace suggests its product may not be suitable for the enterprise market. Guidance for Q4 calls for an even sharper pace of deceleration to just 14% y/y growth.

Sprout Social: This Sharp Deceleration Is Startling

NEW YORK , Nov. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Sprout Social, Inc. (NASDAQ: SPT) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Sprout Social insiders caused the company to misrepresent or fail to disclose that (1) the Company's sales and revenue growth were not indicative of the Company's growth as it transitioned to an enterprise sales cycle; (2) the Company faced integration challenges with its acquisition of Tagger, a leading influencer marketing and social intelligence platform; (3) as a result, the Company was "self inducing sales headwinds;" (4) as a result, the Company would revise fiscal year 2024 revenue guidance; and (5) as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Kuehn Law Encourages Investors of Sprout Social, Inc. to Contact Law Firm

Sprout Social, Inc. (NASDAQ:SPT ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Alex Kurtz - VP, IR Ryan Barretto - CEO, President Joe Del Preto - CFO Conference Call Participants Parker Lane - Stifel David Hynes - Canaccord Genuity Raimo Lenschow - Barclays Arjun Bhatia - William Blair Adam Hotchkiss - Goldman Sachs Elizabeth Porter - Morgan Stanley Thomas Shinske - Cantor Fitzgerald Brian Schwartz - Oppenheimer Jackson Ader - KeyBanc Capital Markets Robert Morelli - Needham & Company Operator Ladies and gentlemen, welcome to the 2024 Q3 Earnings Sprout Social, Incorporated Conference Call. All lines have been placed on mute to prevent any background noise.

Sprout Social, Inc. (SPT) Q3 2024 Earnings Call Transcript

Sprout Social (SPT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.01 per share a year ago.

Sprout Social (SPT) Beats Q3 Earnings and Revenue Estimates

CHICAGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending September 30, 2024 after market close on Thursday, November 7, 2024.

Sprout Social to Announce Third Quarter 2024 Financial Results on November 7, 2024

Contract addition enhances the availability of Sprout Social's social media management platform to the Public Sector Contract addition enhances the availability of Sprout Social's social media management platform to the Public Sector

Sprout Social Deepens Commitment to Public Sector by Partnering With Carahsoft as a NASPO-Approved Vendor for Government Agencies

Sprout Social Inc. (NASDAQ: SPT) is in the spotlight today after KeyBanc Capital Markets downgraded the stock from Sector Weight to Underweight with a new price target of $28, reflecting a 17.5% downside from its current trading price.

Is it time to exit Sprout Social? KeyBanc downgrades and slashes target to $28

Shares of Sprout Social Inc SPT tanked in early trading on Thursday.

Sprout Social Turnaround Could Take Even Longer Than Expected, Says Bearish Analyst

CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Mike Wolff to Chief Revenue Officer, effective September 2, 2024. As Chief Revenue Officer, Wolff will oversee Sprout's global Sales, Success and Partnerships organization. He will focus on the continued global growth and expansion of Sprout's innovative offerings.

Sprout Social Names Mike Wolff as Chief Revenue Officer

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Sprout Social fell slightly after reporting Q2 results, putting a stop to its recent post-Q1 rebound. The company reported revenue growth decelerating to 25% y/y (versus the mid-30s as recently as two quarters ago), and is expecting to slow further to 19% y/y growth in Q3. Management is noting that the buying environment is still soft, with greater scrutiny and approvals needed to close deals.

Sprout Social: Not Quite Ready To Rebound Yet (Rating Downgrade)

Sprout Social, Inc. (NASDAQ:SPT ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Jason Rechel - Vice President, Investor Relations Justyn Howard - Chief Executive Officer Ryan Barretto - President Joe Del Preto - Chief Financial Officer Conference Call Participants David Hynes - Canaccord Genuity Parker Lane - Stifel Arjun Bhatia - William Blair Adam Hotchkiss - Goldman Sachs Jackson Ader - KeyBanc Capital Markets Elizabeth Porter - Morgan Stanley Matt VanVliet - BTIG Brian Schwartz - Oppenheimer Surinder Thind - Jefferies Operator Thank you for standing by. My name is Meg, and I will be your conference operator today.

Sprout Social, Inc. (SPT) Q2 2024 Earnings Call Transcript

Sprout Social (SPT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago.

Sprout Social (SPT) Surpasses Q2 Earnings and Revenue Estimates

CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its second quarter ended June 30, 2024. “We're pleased to share that we're tracking ahead of the plan outlined last quarter,” said Ryan Barretto, President and incoming CEO.

Sprout Social Announces Second Quarter 2024 Financial Results Ahead of Guidance Range

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TBPH, HGV, and SPT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 15, 2024.

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NEW YORK, NY / ACCESSWIRE / July 12, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/sprout-social-inc-lawsuit-submission-form?prid=90571&wire=1 or contact Joseph E. Levi, Esq.

Sprout Social, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before July 12, 2024 to Discuss Your Rights - SPT

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sprout Social, Inc. (“Sprout Social” or the “Company”) (NASDAQ: SPT).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Sprout Social, Inc. – SPT

NEW YORK, NY / ACCESSWIRE / July 12, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/sprout-social-inc-lawsuit-submission-form?prid=90541&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Notifies Shareholders of Sprout Social, Inc. (SPT) of a Class Action Lawsuit and an Upcoming Deadline

NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sprout Social, Inc. (NASDAQ: SPT) between November 2, 2023 and May 2, 2024, both dates inclusive (the “Class Period”), of the important July 12, 2024 lead plaintiff deadline.

SPT Deadline Today: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Sprout Social, Inc. Investors to Secure Counsel Before Important July 12 Deadline in Securities Class Action – SPT

LOS ANGELES, CA / ACCESSWIRE / July 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sprout Social, Inc. ("Sprout" or "the Company") (NASDAQ:SPT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

The Schall Law Firm Urges Shareholders In Sprout Social Inc To Start Dialogue Before The Deadline

NEW YORK, NY / ACCESSWIRE / July 12, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/sprout-social-inc-lawsuit-submission-form?prid=90520&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 12, 2024 in Sprout Lawsuit - SPT

LOS ANGELES, July 12, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Sprout Social, Inc. (“Sprout” or “the Company”) (NASDAQ: SPT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 2, 2023 and May 2, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before July 12, 2024.

SPT Investors Have Opportunity to Lead Sprout Social, Inc. Securities Fraud Lawsuit with the Schall Law Firm

NEW YORK, NY / ACCESSWIRE / July 12, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/sprout-social-inc-lawsuit-submission-form?prid=90516&wire=1 or contact Joseph E. Levi, Esq.

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