Baillie Gifford & Co. Sells 80,182 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Baillie Gifford & Co. lowered its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,732,160 shares of the company’s stock after selling 80,182 shares during the quarter. Baillie Gifford & Co. owned approximately 0.07% of Sprout Social worth $108,494,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Impax Asset Management Group plc lifted its stake in Sprout Social by 46.6% in the third quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock worth $5,486,000 after acquiring an additional 60,000 shares during the period. Emerald Advisers LLC bought a new stake in shares of Sprout Social during the 2nd quarter valued at about $4,345,000. Picton Mahoney Asset Management boosted its stake in shares of Sprout Social by 642.5% during the 1st quarter. Picton Mahoney Asset Management now owns 21,830 shares of the company’s stock valued at $1,304,000 after purchasing an additional 18,890 shares in the last quarter. Clearbridge Investments LLC raised its stake in Sprout Social by 2.4% in the first quarter. Clearbridge Investments LLC now owns 2,593,907 shares of the company’s stock worth $154,882,000 after buying an additional 61,568 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Sprout Social by 20.0% in the third quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock worth $34,868,000 after buying an additional 200,190 shares during the period.

Insider Transactions at Sprout Social

In other Sprout Social news, CFO Preto Joseph Del sold 1,500 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.27, for a total value of $42,405.00. Following the transaction, the chief financial officer now owns 158,614 shares of the company’s stock, valued at approximately $4,484,017.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Ryan Paul Barretto sold 13,306 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total transaction of $388,934.38. Following the completion of the sale, the president now owns 470,809 shares of the company’s stock, valued at $13,761,747.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $28.27, for a total value of $42,405.00. Following the completion of the sale, the chief financial officer now owns 158,614 shares of the company’s stock, valued at $4,484,017.78. This trade represents a 0.00 % decrease in their ownership of the stock. 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. Insiders own 10.97% of the company’s stock.

Sprout Social Stock Performance

Shares of NASDAQ SPT opened at $28.79 on Wednesday. The firm’s 50-day moving average price is $28.08 and its 200-day moving average price is $32.09. Sprout Social, Inc. has a 52-week low of $25.05 and a 52-week high of $68.41. The company has a quick ratio of 0.98, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT) last issued its earnings results 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). The company had revenue of $102.64 million during the quarter, compared to analysts’ expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. As a group, equities analysts predict that Sprout Social, Inc. will post -0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPT has been the subject of several research reports. Barclays decreased their price target on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Robert W. Baird raised their price objective on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a report on Friday, November 8th. Oppenheimer reduced their price target on Sprout Social from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $46.00 price target on shares of Sprout Social in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.08.

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.