Baillie Gifford & Co. Has $108.49 Million Stock Position in Sprout Social, Inc. (NASDAQ:SPT)

Baillie Gifford & Co. lowered its position in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,732,160 shares of the company's stock after selling 80,182 shares during the period. Baillie Gifford & Co. owned 6.54% of Sprout Social worth $108,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Sprout Social by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 5,164,431 shares of the company's stock worth $308,368,000 after purchasing an additional 93,712 shares in the last quarter. Clearbridge Investments LLC grew its position in Sprout Social by 3.9% during the second quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company's stock worth $96,150,000 after buying an additional 100,890 shares in the last quarter. Dorsey Asset Management LLC bought a new position in Sprout Social during the 2nd quarter worth $61,583,000. Principal Financial Group Inc. raised its holdings in Sprout Social by 20.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company's stock valued at $34,868,000 after acquiring an additional 200,190 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of Sprout Social by 25.8% during the 1st quarter. Bamco Inc. NY now owns 975,000 shares of the company's stock valued at $58,217,000 after acquiring an additional 200,000 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPT shares. Robert W. Baird raised their price target on Sprout Social from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Piper Sandler dropped their target price on shares of Sprout Social from $40.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday. KeyCorp lowered shares of Sprout Social from a "sector weight" rating to an "underweight" rating and set a $28.00 price target on the stock. in a research report on Thursday, August 22nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of Sprout Social in a research note on Friday, August 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of Sprout Social in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.08.

Insider Transactions at Sprout Social

In related news, CFO Preto Joseph Del sold 1,500 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $29.81, for a total value of $44,715.00. Following the completion of the sale, the chief financial officer now directly owns 162,624 shares in the company, valued at $4,847,821.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00. Following the completion of the sale, the chief executive officer now directly owns 170,175 shares in the company, valued at $4,807,443.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Preto Joseph Del sold 1,500 shares of Sprout Social stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $29.81, for a total transaction of $44,715.00. Following the transaction, the chief financial officer now directly owns 162,624 shares of the company's stock, valued at $4,847,821.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,882 shares of company stock worth $1,801,351. Company insiders own 10.97% of the company's stock.

Sprout Social Stock Performance

SPT traded up $0.18 on Wednesday, reaching $28.97. The stock had a trading volume of 744,806 shares, compared to its average volume of 751,003. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.98. Sprout Social, Inc. has a fifty-two week low of $25.05 and a fifty-two week high of $68.41. The firm has a 50-day moving average of $28.07 and a 200-day moving average of $31.93.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. Analysts expect that Sprout Social, Inc. will post -0.9 EPS for the current fiscal year.

Sprout Social Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.