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Sprout Social, Inc.

SPT · NASDAQ

Market closed$8.62$0.00 (0.00%)After hours $8.70 · +0.93%

Key statistics

Previous close$8.62
Open$8.61
Day high$8.80
Day low$8.43
52-week high$19.51
52-week low$4.92
Market cap518.11M
Volume877.28K
Average volume1.42M
P/E ratio10.26
Forward P/E—
EPS0.84
Dividend yield0.00%

Market context

Why it moved

SPT saw no significant price movement today, trading flat as no major company-specific news or catalysts emerged to drive the stock in either direction, leaving it unchanged from its previous close amid modest trading volume.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Sprout Social closed essentially unchanged but is ticking higher in after-hours trading, holding near recent multi-week highs after a flurry of catalysts earlier in the week. The company's July 15 announcement of a 20% workforce reduction (~260 employees) alongside a Q2 preliminary beat — with results expected at the high end of guidance — drove a sharp rally, while Stifel reiterated its Buy/$12 target viewing the restructuring as a prudent step toward the company's Rule of 30 profitability target. Today's disclosure that BlackRock Portfolio Management filed a Schedule 13G revealing an 8.4% passive stake in Sprout Social adds a notable institutional vote of confidence. Analyst sentiment remains mixed — William Blair reiterated Hold on July 16 — and broader software sector headwinds persist following IBM's historic earnings warning that AI infrastructure spend is crowding out software budgets.
July 16, 2026Sprout Social declined after its blockbuster restructuring announcement — cutting roughly 20% of its workforce (~260 employees) with $18–$20M in expected charges — failed to sustain Tuesday's relief rally, as the broader tech sector faced headwinds from semiconductor weakness dragging the Nasdaq lower. The company simultaneously issued a positive preliminary Q2 update, guiding to the high end of its revenue, non-GAAP operating income, and EPS outlook ranges ahead of its August 6 earnings release. Analyst sentiment remains split, with Stifel reiterating a Buy and $12 target, while the consensus sits at Hold with a $11.88 target, and the stock continues to trade well below its 52-week high amid persistent concerns over decelerating top-line growth into single digits.

-1.5982

July 15, 2026Sprout Social gained after announcing a 20% workforce reduction (~260 positions) as part of a restructuring plan aimed at streamlining operations and focusing on AI-powered social intelligence, while also guiding Q2 results to the high end of its outlook. Stifel reiterated its Buy rating and $12 price target, viewing the cuts as a prudent step toward the company's Q4 2027 Rule of 30 target. The move came amid a turbulent backdrop for software stocks following IBM's historic 25% single-day collapse on an earnings warning, though Sprout Social's shares held gains — closing up ~3.3% — as investors appeared to focus on the company-specific restructuring catalyst and Q2 upside signal. In after-hours trading, shares edged back slightly to $8.69.

3.3019

July 14, 2026Sprout Social shares closed modestly lower, caught in a broad software sector selloff triggered by IBM's shocking Q2 earnings warning, where the tech giant said enterprise clients had sharply reprioritized spending away from software toward AI hardware infrastructure. The IBM-driven rout weighed across application software names, overshadowing Sprout Social's own solid recent earnings beat (Q1 EPS of $0.23 vs. $0.16 estimate) and a consensus Hold rating with a $11.88 price target. Adding to investor caution, Executive Chair Justyn Howard sold 40,000 shares on July 10 under a pre-arranged 10b5-1 plan, reducing his direct holdings by over 84%.

-0.9346

July 10, 2026Sprout Social declined modestly amid a volatile software sector backdrop, even as the company received a notable industry recognition: Gartner named it a 'Visionary' in its inaugural 2026 Magic Quadrant for Social Media Management and Listening, citing its AI agent Trellis and NewsWhip capabilities. The positive analyst acknowledgment contrasts with broader headwinds weighing on software stocks, including AI disruption fears, geopolitical uncertainty from the U.S.-Iran conflict, and a sector rotation away from SaaS names — themes that have dragged peers like Salesforce and HubSpot sharply lower since Q1 earnings.

-1.5

July 8, 2026Sprout Social shares are declining amid a broad risk-off selloff in software and tech stocks, as escalating U.S.-Iran tensions pushed oil prices sharply higher and rattled equity markets. The broader software sector continues to face headwinds from AI disruption fears—the IGV software ETF is down ~11% YTD—while investors await Sprout Social's Q2 2026 earnings report, scheduled for August 6, for clarity on whether its AI-powered Social Intelligence Platform can sustain growth in a challenging enterprise software environment.

-1.5225

July 8, 2026Sprout Social closed essentially unchanged, slipping modestly after announcing it will report Q2 2026 results on August 6, setting the next major catalyst date for investors. The stock has been caught in the broader software sector's turbulent 2026 narrative — the iShares IGV software ETF is down over 10% YTD amid "SaaSpocalypse" fears that AI agents will erode seat-based SaaS demand, though recent Guggenheim upgrades of Salesforce and ServiceNow have sparked some bargain hunting across software peers. Tuesday's tech session was mixed, with chip stocks dragging the Nasdaq lower on Samsung earnings concerns, while select software names like Cloudflare rallied on analyst upgrades.

-0.3641

Stock Titan · July 17, 2026BlackRock Portfolio Management (NASDAQ: SPT) discloses 8.4% Sprout Social stakeThe Globe and Mail · July 16, 2026Analysts Have Conflicting Sentiments on These Technology Companies: Sprout Social (SPT) and DigitalOcean Holdings (DOCN)Stock Titan · July 15, 2026Sprout Social (NASDAQ: SPT) cuts 20% of staff, sees high-end Q2 outlookInvesting.com · July 15, 2026Sprout Social cuts 20% of workforce in restructuring planMoomoo · July 15, 2026Sprout Social to Cut 20% of Workforce as AI-Fueled Tech Layoffs ContinueMarketBeat · July 15, 2026Sprout Social (NASDAQ:SPT) Stock Price Up 6.3% - Here's Whywww.marketscreener.com · July 15, 2026Sprout Social, Inc. Provides Earnings Guidance for the Quarter Ended June 30, 2026Investing.com · July 15, 2026Why is Sprout Social stock surging today?
Mt Newswire · June 12, 2026Sprout Social Insider Sold Shares Worth $279,680, According to a Recent SEC Filing
Benzinga · May 13, 2026Sprout Social Unveils Its AI Social Intelligence Platform To Help Operationalize Market Conversations At Scale
Mt Newswire · May 12, 2026Sprout Social Insider Sold Shares Worth $263,233, According to a Recent SEC Filing
Benzinga · May 11, 2026Barclays Maintains Overweight on Sprout Social, Raises Price Target to $9
Benzinga · May 7, 2026Sprout Social Affirms FY2026 Adj EPS Guidance of $0.88-$0.97 vs $0.91 Est; Raises FY2026 Sales Guidance from $490.200M-$495.200M to $492.500M-$495.500M vs $493.160M Est
Benzinga · May 7, 2026Sprout Social Sees Q2 Adj EPS $0.15-$0.16 vs $0.20 Est; Sees Sales $121.700M-$122.500M vs $121.328M Est
Benzinga · April 21, 2026Barclays Maintains Overweight on Sprout Social, Lowers Price Target to $8
Mt Newswire · March 13, 2026Sprout Social Names Ryan Barretto as Interim Principal Financial Officer

Peers

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