Sprout Social, Inc. (NASDAQ: SPT) shares purchased by Baird Financial Group Inc.

Baird Financial Group Inc. In the second quarter, Sprout Social, Inc. (NASDAQ: SPT – Get Rating) increased its stake by 628.6%, according to its most recent Form 13F filing with the SEC. The institutional investor held 25,187 shares of the company’s stock after buying an additional 21,730 shares during the period. At the end of the most recent reporting period at Sprout Social, Baird Financial Group Inc. The holding was $1,462,000.

Several other institutional investors also made changes to their positions in SPT recently. Jennison Associates LLC increased its stake in Sprout Social’s shares to 95.3% during the second quarter. Jennison Associates LLC now owns 1,063,868 shares of the company’s stock valued at $61,779,000 after purchasing an additional 519,059 shares during the last quarter. Victory Capital Management Inc. raised its stake in Sprout Social shares to 4,899.1% during the first quarter. After acquiring an additional 348,670 shares during this period, Victory Capital Management Inc. holds 355,787 shares of the company worth $28,431,000. Renaissance Technologies LLC boosted its position in shares of Sprout Social to 97.1% in the first quarter. Renaissance Technologies LLC now owns 363,400 shares of the company’s stock valued at $29,116,000, after acquiring an additional 179,000 shares during the last quarter. Baillie Gifford & Co. raised its stake in Sprout Social’s shares to 21.2% during the second quarter. Baillie Gifford & Co. now owns 1,011,778 shares of the company’s stock, valued at $58,754,000, after purchasing an additional 177,022 shares during the period. Finally, Lisanti Capital Growth LLC boosted its holding in shares of Sprout Social to 196.2% in the first quarter. Lisanti Capital Growth LLC now holds 198,801 shares of the company valued at $15,928,000 after purchasing an additional 131,692 shares during the period. 92.94% of the stock is owned by institutional investors and hedge funds.

analyzer upgrade and downgrade

Several equity analysts have issued reports on SPT shares. Piper Sandler cut their target price on Sprout Social from $76.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 3. KeyCorp cut its price objective on Sprout Social from $75.00 to $60.00 and set an “overweight” rating on the company in a report on Friday, November 4. Robert W. Baird raised his price objective on shares of Sprout Social from $64.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays cut its price target on Sprout Social from $70.00 to $63.00 and set an “overweight” rating on the company in a research note on Friday, November 4. Finally, Canaccord Genuity Group cut its price objective on Sprout Social from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, August 4. One equity research analyst has a hold rating on the stock and eight have issued a buy rating on the company. The stock has an average rating of “medium buy” and a consensus price target of $70.11, according to MarketBeat.com.

Sprout Social Trading up 0.3%

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Shares of NASDAQ SPT opened on Friday at $62.30. Sprout Social, Inc. has a 12-month low of $38.39 and a 12-month high of $139.75. The stock has a 50-day moving average of $60.15 and a 200-day moving average of $57.30.

Insider Trading on Sprout Social

In other Sprout Social news, CTO Aaron Edward Frederick Rankin sold 37,200 shares of the stock in a transaction on Tuesday, Nov. 15. Shares were sold at an average price of $65.83 for a total value of $2,448,876.00. Following the transaction, the chief technology officer now directly owns 31,986 shares of the company’s stock, valued at approximately $2,105,638.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In other news, President Ryan Paul Barreto sold 5,600 shares of the company’s stock in a single transaction on Monday, October 3. Shares were sold at an average price of $62.31, for a total transaction of $348,936.00. Following the completion of the transaction, the President now directly owns 298,975 shares in the company, valued at $18,629,132.25. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed via this link. Additionally, CTO Aaron Edward Frederick Rankin sold 37,200 shares of the business’s stock in a transaction on Tuesday, November 15. The stock was sold at an average price of $65.83, for a total transaction of $2,448,876.00. Following the completion of the sale, the chief technology officer now directly owns 31,986 shares in the company, valued at approximately $2,105,638.38. Disclosure of this sale can be found here. Over the past 90 days, insiders sold 123,341 shares of company stock valued at $7,445,401. 13.33% of the stock is owned by insiders.

Sprout Social Company Profile

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

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Want to see what other hedge fund SPTs are holding? Sprout Social, Inc. Visit HoldingsChannel.com to get the latest 13F filings and insider trades. (NASDAQ: SPT – Receive Rating).

Institutional Ownership by Quarter for Sprout Social (NASDAQ: SPT)

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