11 Oversold Software Stocks to Buy Now

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7. Sprout Social, Inc. (NASDAQ:SPT)

Number of Hedge Fund Holders: 29

% Decline Over 6 Months: ~43.3%

Sprout Social, Inc. (NASDAQ:SPT) is one of the Oversold Software Stocks to Buy Now. On September 15, the company launched a new integration with Canva, which is the leading all-in-one visual communication platform. ​​As a comprehensive social media management platform to offer this integration, Sprout Social, Inc. (NASDAQ:SPT) allows brands to strengthen their social presence with more engaging content through streamlining the path from designing to publishing. Users will now be able to send finalized visuals from Canva directly into Sprout as draft posts. This will help accelerate workflows and reduce errors between creative and social teams.

Sprout Social, Inc. (NASDAQ:SPT) saw strong Q2 2025 results, highlighted by 12% revenue growth and healthy profitability. The company remains committed to strengthening its enterprise presence through increasing customer adoption, expanding within existing accounts, and scaling growth via strategic partnerships. Total remaining performance obligations (RPO) came in at $347.0 million as of June 30, 2025, reflecting 18% YoY growth.

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