Sprout Social (SPT) Executive Chair Russell Sells $441K of Stock
Executive Chair Howard Justyn Russell sold 40,000 shares of Sprout Social, Inc. for $440,600.
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Howard Justyn Russell, Executive Chair at Sprout Social, Inc. ($SPT), sold 40,000 shares at an average price of $11.02, worth about $440,600, on October 9, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $SPT is up 2.5% after 1 week and up 2.5% to date (from the $11 close on Oct 9, 2026).
SPT
Sprout Social, Inc.
Key Points
- On October 9, 2026, Howard Justyn Russell sold 40,000 shares of Sprout Social, Inc. at a price of $11.02 per share, totaling $440,600.
- The stock recently traded around $11.29, which is above its 50-day moving average by 8.1%.
- Sprout Social has a market cap of about $683.5 million, with a forward P/E ratio of 7.3.
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Howard Justyn Russell, Executive Chair of Sprout Social, Inc. (NasdaqCM: SPT), sold 40,000 shares on October 9, 2026. The total value of the transaction was $440,600, with the shares sold at an average price of $11.02.
Inside Howard Justyn Russell's Trade
Russell's sale was planned, reflecting a strategic move in his holdings. This transaction comes after his earlier purchase of 40,000 shares on September 11, 2026, at a price of $10.77.
Other Institutional Activity in Sprout Social
In the latest reporting period, Blackrock Inc. held 8,779,044 shares worth about $99 million, increasing its position by 3,421,722 shares, a 63.9% rise. Vanguard Portfolio Management LLC also increased its holdings, adding 388,351 shares for a total of 4,319,024 shares valued at roughly $48.7 million. Haveli Investment Management LLC significantly grew its stake by 1,086,426 shares, ending with 2,172,852 shares worth about $24.5 million.
Sprout Social, Inc. Stock Down 2.4%
As of October 16, 2026, Sprout Social shares were trading around $11.29, which is above the 50-day moving average by 8.1% and the 200-day moving average by 38.8%. However, the stock is still about 6.4% below its 52-week high of $12.06.
Recent Earnings
Sprout Social reported revenue of $481.8 million for the trailing twelve months, reflecting a year-over-year growth of 10.8%. The company has a negative net margin of 6.1% and a return on equity of -14.3%. The next earnings report is scheduled for November 3, 2026.
Insider Buying and Selling at Sprout Social, Inc.
Earlier this year, on September 2, 2026, Chief Technology Officer Aaron Edward Frederick Rankin sold 717 shares at $11.45 each, totaling $8,210. Justyn Russell Howard also sold 10,895 shares on the same day at the same price, realizing a value of $124,759. These transactions reflect continued movement among insiders.
Analysts Set New Price Targets
On October 14, 2026, Stifel maintained a Buy rating for Sprout Social with a new price target of $14.00, up from $12.00. The consensus among analysts is to hold the stock, with a mean price target of $10.67 based on nine opinions.
About Sprout Social
Sprout Social, Inc. is a technology company based in Chicago, IL, that provides a web-based platform for social media management. The company’s software helps businesses manage social messaging and data workflows, making it easier for them to engage with customers across various social channels.
Bottom Line
Investors will be watching for Sprout Social's next earnings report on November 3, 2026, to gauge its financial performance. With Russell's recent sale and the activity of other insiders, market participants will be interested in how these developments influence stock sentiment.
Related Filing Alerts
Source: Howard Justyn Russell's Form 4 filing on $SPT (Oct 9, 2026). Find the original filing: SPT Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts