Baillie Gifford & Co. Sells 237,337 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Baillie Gifford & Co. trimmed its position in Sprout Social, Inc. (NASDAQ:SPT) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,494,823 shares of the company’s stock after selling 237,337 shares during the quarter. Baillie Gifford & Co. owned about 6.09% of Sprout Social worth $107,326,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Quarry LP increased its stake in Sprout Social by 100.9% during the third quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after acquiring an additional 790 shares during the last quarter. KBC Group NV increased its stake in Sprout Social by 77.1% during the fourth quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after acquiring an additional 1,099 shares during the last quarter. Assetmark Inc. increased its stake in Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after acquiring an additional 801 shares during the last quarter. Yarbrough Capital LLC bought a new stake in Sprout Social during the fourth quarter worth approximately $206,000. Finally, Entropy Technologies LP bought a new position in shares of Sprout Social during the third quarter valued at approximately $265,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPT. Piper Sandler cut their target price on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Jefferies Financial Group upped their target price on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Oppenheimer lowered their price target on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a report on Wednesday, January 15th. Finally, Morgan Stanley boosted their price target on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Sprout Social has an average rating of “Hold” and an average target price of $39.58.

Sprout Social Stock Performance

Shares of SPT stock opened at $30.97 on Tuesday. The business’s fifty day simple moving average is $32.52 and its 200-day simple moving average is $30.66. The company has a market cap of $1.78 billion, a PE ratio of -25.81 and a beta of 1.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Sprout Social, Inc. has a 12-month low of $25.05 and a 12-month high of $67.33.

Insider Transactions at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $30.26, for a total value of $151,300.00. Following the transaction, the director now directly owns 30,665 shares of the company’s stock, valued at $927,922.90. This represents a 14.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Paul Barretto sold 13,465 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total value of $423,474.25. Following the completion of the transaction, the chief executive officer now directly owns 546,343 shares in the company, valued at approximately $17,182,487.35. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,265 shares of company stock valued at $3,837,006. Corporate insiders own 10.97% of the company’s stock.

Sprout Social Company 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.