SPT

On May 7, 2026, Sprout Social authorized a $50 million share repurchase program and reported Q1 2026 financial results that exceeded market expectations for revenue and adjusted EPS, slightly raising its full-year revenue guidance. On July 8, 2026, the company approved a workforce reduction plan to cut approximately 260 employees, aiming to streamline operations and boost profitability. On August 6, 2026, Sprout Social announced Q2 2026 financial results, again surpassing analyst estimates for revenue and adjusted EPS, and subsequently increased its guidance for non-GAAP operating income and EPS for the full year 2026. On October 1, 2026, Sprout Social's stock price jumped approximately 7% due to improved analyst sentiment, with Barclays and Morgan Stanley raising their price targets. On October 6, 2026, plaintiffs in a class-action lawsuit against Sprout Social successfully beat the defendants' motion to dismiss the complaint; this lawsuit alleges misleading statements regarding its enterprise sales cycle transition and integration challenges with Tagger Media, Inc., which previously caused a significant stock price drop on May 3, 2024.