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SPT Sprout Social

Sprout Social offers deep social media listening and analytics, social management, customer care and advocacy solutions to more than 25,000 brands and agencies worldwide. Sprout’s unified platform integrates the power of social throughout every aspect of a business and enables social leaders at every level to extract valuable data and insights that drive their business forward. Headquartered in Chicago, Sprout operates across major social media networks, including Twitter, Facebook, Instagram, Pinterest, YouTube and LinkedIn.

Company profile

Ticker
SPT
Exchange
CEO
Justyn Howard
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Simply Measured, Inc. • Sprout Social Limited • Sprout Social UK Ltd • Sprout Social Canada, Limited • TTAGG, Inc. ...
IRS number
272404165

SPT stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 21
15 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 108.26M 108.26M 108.26M 108.26M 108.26M 108.26M
Cash burn (monthly) (positive/no burn) (positive/no burn) 1.79M 2.04M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 6.34M 7.22M n/a n/a
Cash remaining n/a n/a 101.92M 101.04M n/a n/a
Runway (months of cash) n/a n/a 56.8 49.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Oct 21 Preto Joseph Del Class A Common Stock Sell Dispose S No No 115.857 790 91.53K 111,044
12 Oct 21 Preto Joseph Del Class A Common Stock Sell Dispose S No No 114.964 1,021 117.38K 111,834
12 Oct 21 Preto Joseph Del Class A Common Stock Sell Dispose S No No 114.305 1,189 135.91K 112,855
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 118.228 1,465 173.2K 0
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 117.314 2,672 313.46K 1,465
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 116.118 1,820 211.33K 4,137
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 115.226 1,592 183.44K 5,957
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 114.319 8,107 926.78K 7,549
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 113.305 1,345 152.4K 15,656
8 Oct 21 Howard Justyn Russell Class A Common Stock Sell Dispose S Yes No 111.993 2,999 335.87K 17,001

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

100.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 246 232 +6.0%
Opened positions 54 82 -34.1%
Closed positions 40 27 +48.1%
Increased positions 106 65 +63.1%
Reduced positions 65 70 -7.1%
13F shares
Current Prev Q Change
Total value 4.19B 2.47B +69.3%
Total shares 45.06M 43.97M +2.5%
Total puts 249K 168.1K +48.1%
Total calls 745.4K 428.1K +74.1%
Total put/call ratio 0.3 0.4 -14.9%
Largest owners
Shares Value Change
BLK Blackrock 3.43M $306.37M +28.2%
Vanguard 3.22M $288.15M +8.3%
New Enterprise Associates 13 3.08M $139.99M 0.0%
Goldman Sachs & Co 2.34M $106.2M 0.0%
FMR 1.79M $160.4M +7.4%
Fred Alger Management 1.6M $142.87M +666.5%
Clearbridge Advisors 1.22M $108.79M +303.4%
King Luther Capital Management 1.15M $103.03M +23.9%
Wellington Management 1.14M $101.74M -18.6%
MCQEF Macquarie 1.07M $95.98M +84.5%
Largest transactions
Shares Bought/sold Change
NEA Management 0 -1.55M EXIT
Fred Alger Management 1.6M +1.39M +666.5%
Clearbridge Advisors 1.22M +915.01K +303.4%
BLK Blackrock 3.43M +753.84K +28.2%
AMP Ameriprise Financial 939.76K -542.89K -36.6%
Granahan Investment Management 485.55K -523.35K -51.9%
Hunt Lane Capital 50K -500K -90.9%
MCQEF Macquarie 1.07M +491.7K +84.5%
Jennison Associates 328.85K +328.85K NEW
Lord, Abbett & Co. 1.06M -310.08K -22.7%

Financial report summary

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Competition
Sprinklr
Risks
  • If we fail to attract new customers and retain and increase the spending of existing customers, our revenue, business, results of operations, financial condition and growth prospects would be harmed.
  • We have a history of losses and may not achieve profitability in the future.
  • We have a limited operating history, which makes it difficult to evaluate our prospects and future operating results.
  • We have experienced rapid revenue growth in recent periods and our recent growth rates may not be indicative of our future growth.
  • Our platform and products are dependent on APIs built and owned by third parties, including social media networks, and, if we lose access to data provided by such APIs or the terms and conditions on which we obtain such access become less favorable, our business could suffer.
  • If we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may suffer.
  • If we fail to adapt and respond effectively to rapidly changing technology, new social media platforms, evolving industry standards or changing customer needs, requirements, tastes or preferences, our products may become less competitive.
  • If we do not adequately fund our research and development efforts or use research and development teams effectively, we may not be able to compete effectively and our business and operating results may be harmed.
  • If we fail to offer high-quality customer support, or if the cost of such support is not consistent with corresponding levels of revenue, our business and reputation may be harmed.
  • Our international sales and operations subject us to additional risks and costs, including exposure to foreign currency exchange rate fluctuations, that can adversely affect our business, operating results and financial condition.
  • If we are unable to develop and maintain successful relationships with channel partners, our business, results of operations and financial condition could be harmed.
  • Changes in the sizes or types of organizations that purchase our platform or products could affect our business and our financial results may fluctuate due to increasing variability in our sales cycles.
  • As a new public company we are required to incur increased costs and may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members in order to meet new legal requirements.
  • Our management team has limited experience managing a public company.
  • Any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business.
  • We rely upon third parties to operate our platform and any disruption of or interference with our use of such third party providers would adversely affect our business, results of operations and financial condition.
  • We are subject to subscription and payment processing risk from our third-party vendors and any disruption to such processing systems could adversely affect our business and results of operations.
  • Real or perceived errors, failures or bugs in our platform or products could materially and adversely affect our operating results and growth prospects.
  • The market in which we operate is intensely competitive, and if we do not compete effectively, our operating results could be harmed.
  • Our business depends on a strong brand, and if we are not able to develop, maintain and enhance our brand, our business and operating results may be harmed. Moreover, our brand and reputation could be harmed if we were to experience significant negative publicity.
  • Certain estimates of market opportunity, forecasts of market growth and our operating metrics included in this Annual Report may prove to be inaccurate.
  • Changes in laws and regulations related to the internet, perceptions toward the use of social media and changes in internet infrastructure itself may diminish the demand for our platform or products and could adversely affect our business and results of operations.
  • Changing regulations and increased awareness relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand.
  • We are subject to U.S. economic sanctions and export control and anti-corruption laws and regulations that could impair our ability to compete in international markets or subject us to liability if we violate such laws and regulations.
  • Our use of “open source” software could negatively affect our ability to offer and sell access to our platform and products and subject us to possible litigation.
  • Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement and other losses.
  • Our loan and security agreement contains restrictive and financial covenants that may limit our operating flexibility.
  • We may be subject to litigation, disputes or regulatory inquiries for a variety of claims, which could adversely affect our results of operations, harm our reputation or otherwise negatively affect our business.
  • Our share price has been and may continue to be volatile, and you could lose all or part of your investment.
  • The dual class structure of our common stock and the existing ownership of capital stock by our Co-Founders have the effect of concentrating voting control with our Co-Founders for the foreseeable future, which will limit the ability of our other investors to influence corporate matters.
  • We cannot predict the effect our dual class structure may have on the market of our Class A common stock.
  • We are an emerging growth company and we cannot be certain that the reduced disclosure requirements applicable to emerging growth companies will not make our Class A common stock less attractive to investors.
  • Future sales of our common stock in the public market could cause our share price to fall.
  • Our management has broad discretion in the use of the net proceeds from our IPO and may not use the net proceeds effectively.
  • We have never paid dividends on our capital stock and we do not intend to pay dividends for the foreseeable future.
  • Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • An active trading market for our Class A common stock may not be maintained.
  • Future sales and issuances of our Class A common stock or rights to purchase our Class A common stock, including pursuant to our equity incentive plans, or other equity securities or securities convertible into our Class A common stock could result in additional dilution of the percentage ownership of our stockholders and could cause the stock price of our Class A common stock to decline.
  • Failure to maintain effective internal control over financial reporting could result in our failure to accurately or timely report our financial condition or results of operations, which could have a material adverse effect on our business and stock price.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, gross receipts, value added or similar taxes and may successfully impose additional obligations on us, and any such assessments or obligations could adversely affect our business, financial condition and results of operations.
  • Our ability to utilize our net operating loss carryforwards may be limited.
  • If third parties claim that we infringe upon or otherwise violate their intellectual property rights, our business could be adversely affected.
  • Any failure to protect our intellectual property rights could impair our business.
  • We may make acquisitions of, or invest in, other businesses or technologies, which may divert our management’s attention and result in the incurrence of indebtedness or dilution to our stockholders. We may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments.
  • We depend largely on the continued service of our senior management and other key employees, the loss of any of whom could adversely affect our business, results of operations and financial condition.
  • If we cannot attract and retain qualified personnel or maintain our culture as we grow, we may be unable to execute our business strategy.
  • Our recent growth and any future growth in headcount may be difficult to manage effectively.
  • We may not be able to generate sufficient cash to service our indebtedness.
Management Discussion
  • The increase in subscription revenue was primarily driven by revenue from new customers and expansion within existing customers. The total number of customers grew from 24,356 as of June 30, 2020 to 29,612 as of June 30, 2021. The increase in new customers was primarily driven by our growing sales force capacity to meet market demand. Expansion within existing customers was driven by our ability to increase the number of users, social profiles and products purchased by customers. This is in part attributable to the expansion of use-cases across various functions within our existing customers’ organizations.
  • Fees paid to our data providers increased due to revenue growth.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: antidilutive, Shopify
Removed: computer, consideration, hardware, spend, treasury, visibility