Dropping Sprout Social from Watch List
Aug 21, 2024
Sprout Social's Q2 was a mixed bag for me. The firm seems to be executing on its "large client" strategy, growing customers over $50k annually by 38%. Backlog growth was strong too, up 43% year-over-year. At large, the 25% revenue growth figure was better-than-expected. We still are not seeing a whole lot of cash profitability here - it's looking like a 3rd straight year of declining cash flow. With a transition away from a founder-CEO arrangement, middling cash generation (from what should be a profitable model), and a disappearance from the Green Screens, I'm going to remove Sprout Social from the Watch List for now. We may re-visit it at a later time.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| S | 9.41% |
| CRWD | 73.34% |
| SEMR | -15.86% |
| SNOW | 15.48% |
| TSM | -1.89% |
vs. Fair Value Estimates
Buy List
| GOOG | -33.69% |
| NYAX | -61.69% |
| ASR | -31.25% |
| PAYC | -28.54% |
| HRMY | -49.59% |
| YOU | -45.59% |
| MELI | -30.27% |
| ADBE | -30.99% |
vs. Fair Value Estimates
Hold List
| MSFT | -21.19% |
| ODD | -23.90% |
| FLYW | 4.57% |
| CELH | -15.59% |
| TOST | 31.86% |
| CPNG | -2.38% |
| HIMS | -6.43% |
| MNDY | 15.47% |
| GLBE | 16.55% |
| ZS | 18.59% |
| V | -11.99% |
| ADSK | 11.66% |
| NOW | 50.93% |
| ABNB | -19.63% |
| FTNT | 4.51% |
| TEAM | 14.85% |
vs. Fair Value Estimates