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

$SPT
Computer Software: Prepackaged Software
Technology
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Recent Analyst Ratings for
$SPT

DatePrice TargetRatingAnalyst
11/19/2024$28.00Sector Perform
Scotiabank
8/22/2024$28.00Sector Weight → Underweight
KeyBanc Capital Markets
5/3/2024Outperform → Mkt Perform
William Blair
5/3/2024$80.00 → $44.00Buy → Neutral
Goldman
5/3/2024Overweight → Sector Weight
KeyBanc Capital Markets
5/3/2024$72.00 → $45.00Outperform → Neutral
Robert W. Baird
5/3/2024$66.00 → $40.00Overweight → Neutral
Piper Sandler
5/3/2024Buy → Neutral
BTIG Research
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  • WENDY, CHICAGO-BASED STARTUP, LAUNCHES AI STORY-BUILDING TOOLBOX FOR KIDS

    The kidSAFE certified app will offer kids and parents an alternative to gaming, social media and passive video consumption, reclaiming time for reading and creative play CHICAGO, March 5, 2025 /PRNewswire/ -- Wendy, a new kind of story company, has launched a children's story-building toolbox app that provides a safe and engaging story-building experience, helping children unlock their creativity and immersing them in endless possibilities for imaginative reading adventures. With kids' digital activity time rapidly increasing while literacy rates decrease, the Wendy app offers an engaging story-telling experience for kids to rediscover their love of reading. With the Wendy app, children par

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  • Sprout Social Announces Fourth Quarter 2024 Financial Results

    CHICAGO, Feb. 25, 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 financial results for its fourth quarter ended December 31, 2024. "The Sprout team delivered a solid fourth quarter, driving 14% revenue growth and 26% growth in cRPO, laying the foundation for future growth in 2025 and beyond. As we work to define the future of social media management, we remain focused on execution—winning the enterprise, driving customer health, expanding our partnership ecosystem, and driving deeper engagement in our customer base," said Ryan Barretto, CEO.

    $SPT
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  • Sprout Social Customers Achieved 268% Return on Investment According to New Independent Study

    CHICAGO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the release of a Total Economic Impact™ study conducted by Forrester Consulting. The 2025 study reveals that Sprout Social enabled customers to achieve a return on investment (ROI) of 268% and a net present value (NPV) of $1.3 million over three years with a payback period of less than six months. The commissioned study conducted by Forrester Consulting on behalf of Sprout Social found that prior to Sprout Social, interviewed customers' social teams spent 70% of their time scheduling and publishing posts, listening, replying

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  • The Knot Worldwide Announces Leadership Transition: Raina Moskowitz to Join as CEO Following Founder and CEO Timothy Chi's Move to Vice Chair

    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

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  • Sprout Social Names Mike Wolff as Chief Revenue Officer

    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

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  • Sprout Social Names Erika Trautman as Chief Product Officer

    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

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  • Sprout Social Announces Fourth Quarter 2024 Financial Results

    CHICAGO, Feb. 25, 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 financial results for its fourth quarter ended December 31, 2024. "The Sprout team delivered a solid fourth quarter, driving 14% revenue growth and 26% growth in cRPO, laying the foundation for future growth in 2025 and beyond. As we work to define the future of social media management, we remain focused on execution—winning the enterprise, driving customer health, expanding our partnership ecosystem, and driving deeper engagement in our customer base," said Ryan Barretto, CEO.

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  • Sprout Social to Announce Fourth Quarter 2024 Financial Results on February 25, 2025

    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

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  • Sprout Social Announces Third Quarter 2024 Financial Results

    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

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