Sprout Social, Inc. (NASDAQ:SPT) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 46.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,724 shares of the company's stock after purchasing an additional 60,000 shares during the quarter. Impax Asset Management Group plc owned approximately 0.33% of Sprout Social worth $5,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Sprout Social by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 5,164,431 shares of the company's stock valued at $308,368,000 after buying an additional 93,712 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Sprout Social by 3.9% during the 2nd quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company's stock valued at $96,150,000 after buying an additional 100,890 shares in the last quarter. Dorsey Asset Management LLC purchased a new position in Sprout Social during the 2nd quarter valued at approximately $61,583,000. Principal Financial Group Inc. grew its holdings in Sprout Social by 13.4% during the 2nd quarter. Principal Financial Group Inc. now owns 999,261 shares of the company's stock valued at $35,654,000 after buying an additional 118,160 shares in the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of Sprout Social by 25.8% in the 1st quarter. Bamco Inc. NY now owns 975,000 shares of the company's stock valued at $58,217,000 after purchasing an additional 200,000 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on SPT. Barclays lowered their price objective on Sprout Social from $48.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price objective on shares of Sprout Social in a research note on Friday, August 2nd. KeyCorp lowered Sprout Social from a "sector weight" rating to an "underweight" rating and set a $28.00 price target for the company. in a research note on Thursday, August 22nd. Needham & Company LLC reissued a "buy" rating and set a $55.00 price target on shares of Sprout Social in a research note on Friday, August 2nd. Finally, Oppenheimer decreased their price target on Sprout Social from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $48.00.

Sprout Social Stock Up 6.6 %

SPT stock traded up $1.81 on Wednesday, hitting $29.31. 655,924 shares of the company's stock were exchanged, compared to its average volume of 745,081. Sprout Social, Inc. has a 12-month low of $25.05 and a 12-month high of $68.41. The firm has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $32.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.67 billion, a P/E ratio of -22.37 and a beta of 0.99.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.23, for a total transaction of $564,600.00. Following the completion of the sale, the insider now owns 7,417 shares of the company's stock, valued at approximately $209,381.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.23, for a total transaction of $564,600.00. Following the completion of the sale, the insider now owns 7,417 shares of the company's stock, valued at approximately $209,381.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.25, for a total value of $474,600.00. Following the sale, the chief executive officer now directly owns 170,175 shares of the company's stock, valued at approximately $4,807,443.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,882 shares of company stock worth $1,801,351 in the last ninety days. 10.97% of the stock is owned by insiders.

About Sprout Social

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.