SPT

Sprout Social Inc - Ordinary Shares Class A

TMT


Presented:09/22/2023
Price:$49.60
Cap:$2.76B
Current Price:$29.32
Cap:$1.67B

Presented

Date09/22/2023
Price$49.60
Market Cap$2.76B
Ent Value$2.40B
P/E RatioN/A
Book Value$2.68
Div Yield0%
Shares O/S55.73M
Ave Daily Vol616,585
Short Int13.93%

Current

Price$29.32
Market Cap$1.67B
Sprout Social, Inc. provides online social media management tools for businesses. It offers communication tools, contact management, lead generation, and analytics services. The firm also offers solutions for enterprises, agencies, small businesses, customer service, social media marketing, and employee advocacy sectors. The company was founded by Justyn Howard, Aaron Rankin, Gilbert Lara, and Peter Soung in 2010 and is headquartered in Chicago, IL.

Publicly traded companies mentioned herein: Sprout Social Inc. (SPT) 

Highlights

The presenter has a short position in Sprout Social (SPT), a social media management software platform that enables customers to coordinate content publication and engagement tracking across various social media channels like Facebook, LinkedIn, and Twitter. Sprout Social has a market capitalization of $3 billion and is trading at 6x revenue on the back of a projected growth rate of around 30%. The presenter sees no real support for this growth and expects a reset in net new ARR as the CRM Social Studio migration comes to an end.

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Idea Discussion

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