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home / news releases / sprout social after shaky q1 results stock doesn t i

DDOG - Sprout Social: After Shaky Q1 Results Stock Doesn't Inspire Confidence

Datadog Inc.

2024-05-20 16:49:18 ET

Summary

  • Sprout Social's stock has dropped by over 50% YTD after uninspiring Q1 2024 results.
  • The company's co-founder and Chairman of the Board, Justyn Howard, will step down as CEO, and the current President, Ryan Barretto will take over.
  • Sprout Social continues to lose customers as their strategy shifts to focusing on larger customers in an attempt to get the company back on track.

I first reviewed Sprout Social ( SPT ) back in September of last year and gave it a "Hold" rating. Since that time, the stock has dropped by over 40%....

For further details see:

Sprout Social: After Shaky Q1 Results, Stock Doesn't Inspire Confidence
Stock Information
Company Name: Datadog Inc.
Stock Symbol: DDOG
Market: NYSE
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