Sprout Social's Focus On Larger Prospects Clouded By Slowing Sales Cycles [Seeking Alpha]
Sprout Social, Inc - Class A (SPT)
Last sprout social, inc - class a earnings: 2/26 04:10 pm
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Source: Seeking Alpha
Follow Play 8min Summary Sprout Social, Inc.'s revenue growth is slowing, and the company is not making significant progress toward operating breakeven. The shift to targeting larger accounts has resulted in longer sales cycles and Sprout Social is seeing slower prospect decision-making, negatively impacting topline revenue growth. Despite stable gross profit margins, high stock-based compensation and negative free cash flow remain concerns. A record pipeline and increased backlog suggest potential future growth, but I remain on hold for SPT until we see improving metrics. Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More » Kenneth Cheung Investment Outlook Sprout Social, Inc. NASDAQ: SPT ) provides social media monitoring and management software to organizations worldwide. I previously wrote about SPT in March 2023 with a Hold outlook due to macroeconomic headwinds and increasing operating losses. Management hasn't
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High impacting Sprout Social, Inc - Class A news events
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SPT
News
- Kuehn Law Encourages Investors of Sprout Social, Inc. to Contact Law FirmPR Newswire
- Sprout Social, Inc. (NASDAQ: SPT) had its price target lowered by analysts at Piper Sandler from $40.00 to $29.00. They now have a "neutral" rating on the stock.MarketBeat
- Sprout Social, Inc. (NASDAQ:SPT) Just Reported, And Analysts Assigned A US$38.17 Price Target [Yahoo! Finance]Yahoo! Finance
- Why Sprout Social (SPT) Shares Are Falling Today [Yahoo! Finance]Yahoo! Finance
- Sprout Social, Inc. (NASDAQ: SPT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $55.00 price target on the stock.MarketBeat
SPT
Earnings
- 11/7/24 - Beat
SPT
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- SPT's page on the SEC website