Howard Justyn Russell Purchases Shares of Sprout Social
Executive Chair Howard Justyn Russell acquired 40,000 shares of Sprout Social.
Key Points
- Howard Justyn Russell, Executive Chair of Sprout Social, purchased 40,000 shares on June 11, 2026.
- Sprout Social trades on NasdaqCM under the ticker SPT with a market cap of $438.2 million and a forward P/E ratio of 6.1.
- Analysts from Barclays and Needham maintain a buy rating on Sprout Social with price targets of $9.0 and $14.0, respectively.
Howard Justyn Russell, the Executive Chair of Sprout Social, Inc. (NasdaqCM:SPT), has made a notable purchase of the company's stock. On June 11, 2026, Russell bought 40,000 shares. This insider buying activity is not part of a planned trading program.
Insider Buying and Selling at Sprout Social, Inc.
Howard Justyn Russell, in his role as Executive Chair, bought 40,000 shares of Sprout Social on June 11, 2026. On the same day, he also sold 40,000 shares, with a portion of the sales being planned transactions. Additionally, on June 2, 2026, Russell sold 11,641 shares at an average price of $7.75, which was a planned transaction. CEO Ryan Paul Barretto also sold 13,323 shares on June 1, 2026, at an average price of $8.29.
Other Institutional Activity in Sprout Social
BlackRock, Inc. trimmed its position in Sprout Social by 51,887 shares, ending with 5,357,357 shares valued at approximately $30.5 million. Vanguard Portfolio Management LLC initiated a new position with 3,930,587 shares worth about $22.4 million. Topline Capital Management, LLC reduced its holdings by 163,608 shares, leaving it with 2,725,802 shares valued at $15.5 million. Ancient Art, L.P. added 2,537,074 shares, matching its total holdings with a value of $14.5 million. Acadian Asset Management LLC increased its stake by 420,058 shares, totaling 2,168,128 shares valued at $12.3 million.
Sprout Social Stock Snapshot
Shares of Sprout Social, trading under the ticker SPT on the NasdaqCM, were priced around $7.29. The company has a market capitalization of $438.2 million and a forward P/E ratio of 6.1. Its beta is 0.992, indicating moderate volatility. The stock's 52-week range is between $4.92 and $21.63, with a 50-day moving average of $6.42 and a 200-day moving average of $9.19. Sprout Social has a current ratio of 0.953 and a quick ratio of 0.763, with a debt-to-equity ratio of 21.634.
Recent Earnings
Sprout Social reported revenue of $469.8 million, reflecting a growth rate of 11.2%. However, the company is not yet profitable, with a net margin of -8.2% and a return on equity of -19.7%. The next earnings report is expected on August 5, 2026.
Analysts Set New Price Targets
On May 11, 2026, Barclays maintained its buy rating on Sprout Social with a price target of $9.0. Needham also maintained a buy rating, setting a higher target at $14.0 on February 27, 2026. The consensus among analysts is a buy rating, with a mean target price of $9.5 based on 10 analyst opinions.
About Sprout Social
Sprout Social, Inc., headquartered in Chicago, Illinois, creates and manages a web-based platform for social media management. The company offers cloud-based software solutions that integrate social messaging, data, and workflows into a unified system. Its products include AI-powered tools for publishing, social customer care, analytics, and more. Led by CEO Ryan Paul Barretto, Sprout Social serves a diverse range of clients, from small businesses to large enterprises, across various sectors.
Bottom Line
Insider activity, such as Howard Justyn Russell's recent purchase, often attracts investor attention. Sprout Social, with its innovative social media management solutions, remains a focus for institutional investors and analysts alike. The company's stock and financial performance are closely watched, as reflected in the latest analyst ratings and price targets.
See Also
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