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Added to YB: 2024-09-05

Pitch date: 2024-07-11

SPT [bullish]

Sprout Social, Inc.

-69.39%

current return

Author Info

No bio for this author

Company Info

Sprout Social, Inc. designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Market Cap

$587.2M

Pitch Price

$34.37

Price Target

N/A

Dividend

N/A

EV/EBITDA

-20.74

P/E

-12.28

EV/Sales

1.25

Sector

Software

Category

turnaround

Show full summary:
Columbia Acorn Fund Added On Portfolio Holding: Sprout Social, Inc.

SPT: Social media management software co. Growing 20% annually. Stock down on Q1 miss, reduced guidance, elongated sales cycle for big deals, and CEO change. Added to position on weakness, viewing valuation as cheap for asset-light, high-growth software firm.

Read full article (1 min)