Sprout Social, Inc. designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows. The company's tools serves a range of use-cases within its customers' organizations, including social and community management, public relations, marketing, customer service, sales and customer acquisition, recruiting and hiring, product development, and business strategy. It also offers professional services, which primarily consist of consulting and training services. The company serves approximately 26,000 customers across small-and-medium-sized businesses, mid-market companies, enterprises, and marketing agencies, as well as government, non-profit, and educational institutions. Sprout Social, Inc. was incorporated in 2010 and is headquartered in Chicago, Illinois.
IPO Year: 2019
Exchange: NASDAQ
Website: sproutsocial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $28.00 | Sector Perform | Scotiabank |
| 8/22/2024 | $28.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
| 5/3/2024 | Outperform → Mkt Perform | William Blair | |
| 5/3/2024 | $80.00 → $44.00 | Buy → Neutral | Goldman |
| 5/3/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/3/2024 | $72.00 → $45.00 | Outperform → Neutral | Robert W. Baird |
| 5/3/2024 | $66.00 → $40.00 | Overweight → Neutral | Piper Sandler |
| 5/3/2024 | Buy → Neutral | BTIG Research | |
| 4/18/2024 | $76.00 | Outperform | Oppenheimer |
| 3/21/2024 | $83.00 | Overweight | KeyBanc Capital Markets |
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After leading the company for nearly two decades, Founder and CEO Timothy Chi will transition to a Board role. Raina Moskowitz, Chief Operating and Marketing Officer of Etsy, will join The Knot Worldwide as Chief Executive Officer and a member of the Board of Directors. The Knot Worldwide, a leading global marketplace and family of brands powering celebrations, today announced the appointment of Raina Moskowitz, current Chief Operating and Marketing Officer of Etsy, as President and Chief Executive Officer and member of the Board of Directors effective January 21, 2025. Moskowitz will succeed CEO and Founder Tim Chi, who has led the company for nearly two decades and will continue servi
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. Wolff brings more than 20 years of experience leading global sales and technology organizations. He recently served as Chief Revenue Officer of Salesforce.org, where he led the company's global sales and solu
CHICAGO, June 11, 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 Erika Trautman to chief product officer, effective July 15, 2024. As chief product officer, Trautman will oversee Sprout's global product organization and focus on elevating and expanding Sprout's innovative product offering. Trautman brings more than 15 years of experience in technology to Sprout with a career that has spanned work as a start-up founder to the management of billion-user products. Prior to Sprout, Trautman was the senior vice president and general manag
CHICAGO, March 14, 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 Crystal Boysen to chief people officer (CPO), effective March 25, 2024. As CPO, Boysen will oversee Sprout's global people function and have an essential role in building and elevating Sprout's world-class team. Boysen brings more than 15 years of deep, cross-functional HR experience. Prior to Sprout, Boysen was the CPO at Vimeo where she was responsible for driving a people-first organization and culture, and attracting, engaging and retaining talent globally as the
CHICAGO, Nov. 17, 2023 (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 Scott Morris to chief marketing officer (CMO), effective December 4, 2023. As CMO, Morris will oversee Sprout's global marketing organization and be a key contributor to Sprout's continued growth. Morris brings more than 25 years of experience leading key strategic marketing initiatives at both B2B and B2C tech companies. Prior to Sprout, Morris held executive leadership positions at Zendesk including SVP Global Marketing and Acting CMO, during which time he led the com
CHICAGO, June 16, 2021 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that Thomas Stanley, Chief Revenue Officer at Tanium, will be joining their board of directors, effective June 16, 2021. "Thomas has been an exceptional leader in the technology industry for more than two decades and we're excited for him to bring his deep sales, go-to-market strategy and partnership experience to our board," said Justyn Howard, CEO of Sprout Social. "As Sprout continues to accelerate our growth, his perspective and expertise will help us continue to capture the opportu
CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that Raina Moskowitz, Chief Operations, Strategy and People Officer at Etsy, Inc., will be joining their board of directors, effective December 10, 2020. “As Sprout expands our footprint within the industry, we’re excited to have Raina join our board,” said Justyn Howard, CEO of Sprout Social. “She brings deep experience across several disciplines, has a proven track record with world-class companies and is a perfect complement to our board of directors and leadership team.” Raina
CHICAGO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, has been named as a best place to work in Chicago and Seattle by Built In's 2025 Best Places to Work Awards. This marks the sixth consecutive year that Built In has recognized Sprout as a top workplace. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S. This recognition demonstrates Sprout's award-winning culture and continued leadership as a top workplace. With offices in Chicago, Seattle and D
CHICAGO, Jan. 08, 2025 (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 fourth quarter ending December 31, 2024 after market close on Tuesday, February 25, 2025. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Tuesday, February 25, 2025. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913111787. The live webcast of the conference call can be
CHICAGO , Jan. 07, 2025 (GLOBE NEWSWIRE) -- According to The 2025 Sprout Social Index™ Edition XX released today, social media has become the #1 source for keeping up with trends and cultural moments, ranking ahead of TV, family and friends, and every other digital channel. While this shift gives culturally aware brands a greater opportunity to land in people's feeds, it also means attention is harder than ever to earn, especially in an increasingly saturated social landscape. To avoid getting lost in the noise, brands must move beyond surface-level trend-chasing and instead provide original, human-centric content and personalized, 1:1 engagements— particularly in customer care— to secure
CHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, has been named a Leader in the 2024-25 IDC MarketScape on Worldwide Social Marketing Platform: Large Enterprises. The report recognizes Sprout for its innovative platform that helps enterprise organizations scale their strategies and drive more business impact with social. Sprout Social helps organizations amplify their brands, engage more efficiently with customers and deliver more ROI from their social efforts. The independent report highlights Sprout's intuitive workflows, AI-powered features and strong integrations with popular business s
After leading the company for nearly two decades, Founder and CEO Timothy Chi will transition to a Board role. Raina Moskowitz, Chief Operating and Marketing Officer of Etsy, will join The Knot Worldwide as Chief Executive Officer and a member of the Board of Directors. The Knot Worldwide, a leading global marketplace and family of brands powering celebrations, today announced the appointment of Raina Moskowitz, current Chief Operating and Marketing Officer of Etsy, as President and Chief Executive Officer and member of the Board of Directors effective January 21, 2025. Moskowitz will succeed CEO and Founder Tim Chi, who has led the company for nearly two decades and will continue servi
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. TrustRadius Buyer's Choice Awards are based on vetted, unbiased customer reviews from January 1 to September 26, 2024. During the evaluation process, reviewers are asked if products and their support teams live up to expectations, and if they would buy the product again. These answers shape whether or not a product is chosen as best in the three key areas: capabilities, value for price, and customer relationship. "This recognition reflects our commitmen
CHICAGO, Nov. 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 financial results for its third quarter ended September 30, 2024. "The Sprout team delivered a solid third quarter, driving 20% revenue growth and 31% growth in cRPO as we executed our strategy across key company metrics. Sprout continues to focus on product leadership and expanding our competitive position within the Enterprise segment as these customers leverage the power of Social to drive their digital strategies," said Ryan Barretto, CEO. Third Quarter 2024 Financial Highlights Re
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. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, November 7, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913184. The live webcast of the conference call can be a
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, has been recognized by G2's 2024 Fall Reports with 173 leader badges spanning all business segments, from small business to mid-market and enterprise, and across every region including EMEA, APAC, and the Middle East. The company earns these additional recognitions after being named G2's #1 Best Software Product for 2024. Sprout Social has maintained their #1 position in the Grid® Report for Social Customer Service, Social Media Analytics, Social Media Suites and Social Media Listening Tools. The company has been recognized in an increasing
CHICAGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced their publishing, engagement, customer care, advocacy, and AI-powered business intelligence solutions have been added to the National Association of State Procurement Officials (NASPO) ValuePoint Cloud Solutions Contract held by Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. The contract enables Carahsoft and its reseller partners to provide Sprout Social's products to participating state and local government agencies. NASPO ValuePoint Cloud Solutions Contract is a cooperative purchasing program fa
Scotiabank initiated coverage of Sprout Social with a rating of Sector Perform and set a new price target of $28.00
KeyBanc Capital Markets downgraded Sprout Social from Sector Weight to Underweight and set a new price target of $28.00
William Blair downgraded Sprout Social from Outperform to Mkt Perform
Goldman downgraded Sprout Social from Buy to Neutral and set a new price target of $44.00 from $80.00 previously
KeyBanc Capital Markets downgraded Sprout Social from Overweight to Sector Weight
Robert W. Baird downgraded Sprout Social from Outperform to Neutral and set a new price target of $45.00 from $72.00 previously
Piper Sandler downgraded Sprout Social from Overweight to Neutral and set a new price target of $40.00 from $66.00 previously
BTIG Research downgraded Sprout Social from Buy to Neutral
Oppenheimer initiated coverage of Sprout Social with a rating of Outperform and set a new price target of $76.00
KeyBanc Capital Markets initiated coverage of Sprout Social with a rating of Overweight and set a new price target of $83.00
CHICAGO, Jan. 08, 2025 (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 fourth quarter ending December 31, 2024 after market close on Tuesday, February 25, 2025. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Tuesday, February 25, 2025. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913111787. The live webcast of the conference call can be
CHICAGO, Nov. 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 financial results for its third quarter ended September 30, 2024. "The Sprout team delivered a solid third quarter, driving 20% revenue growth and 31% growth in cRPO as we executed our strategy across key company metrics. Sprout continues to focus on product leadership and expanding our competitive position within the Enterprise segment as these customers leverage the power of Social to drive their digital strategies," said Ryan Barretto, CEO. Third Quarter 2024 Financial Highlights Re
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. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, November 7, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913184. The live webcast of the conference call can be a
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. "Through the dedication and hard work of our teams and strong customer success, we further extended our product leadership, continued to improve our competitive position, and generated record pipeline. We're building momentum for a stronger second half of the year." Second Quarter 2024 Fina
CHICAGO, July 08, 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 June 30, 2024 after market close on Thursday, August 1, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, August 1, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I19131681. The live webcast of the conference call can be accessed
CHICAGO, May 02, 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 first quarter ended March 31, 2024. "As partners in this company's success to date and strategic direction moving forward, Ryan and I had an opportunity to re-draw our roles to best position us to accelerate beyond our $1B target." said Justyn Howard, Sprout Social's CEO and co-founder. "We've always embraced change as a catalyst for growth. As a founder, shareholder, board member and soon to be Executive Chairman, I am thrilled to be succeeded by one
CHICAGO, April 08, 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 first quarter ending March 31, 2024 after market close on Thursday, May 2, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, May 2, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913153. The live webcast of the conference call can be accessed from S
CHICAGO, Feb. 20, 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 fourth quarter ended December 31, 2023. "We're pleased to share incredibly strong fourth quarter results," said Justyn Howard, Sprout Social's CEO and co-founder. "We're building an enduring software company centered on amazing products, amazing people and overdelivering for our customers every day. We delivered step change growth in current & total contract value bookings and were recently named the #1 best software product by G2, which we believe posit
CHICAGO, Jan. 09, 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 fourth quarter ending December 31, 2023 after market close on Tuesday, February 20, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Tuesday, February 20, 2024. Online registration for this event conference call can be found at https://conferencingportals.com/event/LOdFIxuX. The live webcast of the conference call can be ac
CHICAGO, Nov. 02, 2023 (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 third quarter ended September 30, 2023. "We're pleased to share incredibly strong third quarter results," said Justyn Howard, Sprout Social's CEO and co-founder. "We're building an enduring software company centered on amazing products, amazing people and overdelivering for our customers every day. Our fantastic business results and outlook reflect strong execution against these goals." Third Quarter 2023 Financial Highlights Revenue Revenue was $85.5