Swiss National Bank Has $6.29 Million Stock Position in Sprout Social, Inc. (NASDAQ:SPT)

Swiss National Bank grew its position in shares of Sprout Social, Inc. (NASDAQ:SPTGet Rating) by 18.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,341 shares of the company’s stock after acquiring an additional 16,800 shares during the quarter. Swiss National Bank’s holdings in Sprout Social were worth $6,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Prospera Financial Services Inc acquired a new stake in shares of Sprout Social in the 1st quarter valued at approximately $89,000. Truist Financial Corp boosted its holdings in shares of Sprout Social by 3.6% in the 2nd quarter. Truist Financial Corp now owns 38,058 shares of the company’s stock valued at $2,210,000 after buying an additional 1,326 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of Sprout Social by 53.3% in the 1st quarter. Equitable Trust Co. now owns 4,129 shares of the company’s stock valued at $331,000 after buying an additional 1,436 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Sprout Social by 1.4% in the 1st quarter. California Public Employees Retirement System now owns 91,703 shares of the company’s stock valued at $7,347,000 after buying an additional 1,309 shares during the last quarter. Finally, Argent Trust Co boosted its holdings in shares of Sprout Social by 29.3% in the 1st quarter. Argent Trust Co now owns 7,472 shares of the company’s stock valued at $599,000 after buying an additional 1,692 shares during the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

Sprout Social Price Performance

SPT stock opened at $60.48 on Thursday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of -68.73 and a beta of 0.90. The business’s fifty day moving average price is $59.84 and its two-hundred day moving average price is $57.35. Sprout Social, Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $117.07.

Insiders Place Their Bets

In other Sprout Social news, President Ryan Paul Barretto sold 5,600 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $62.31, for a total transaction of $348,936.00. Following the transaction, the president now owns 298,975 shares in the company, valued at approximately $18,629,132.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $59.96, for a total value of $1,199,200.00. Following the transaction, the chief executive officer now owns 244,685 shares in the company, valued at $14,671,312.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $62.31, for a total value of $348,936.00. Following the completion of the transaction, the president now owns 298,975 shares in the company, valued at approximately $18,629,132.25. The disclosure for this sale can be found here. Insiders have sold 123,341 shares of company stock worth $7,445,401 in the last 90 days. Company insiders own 13.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Canaccord Genuity Group cut their price objective on Sprout Social from $75.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Barclays dropped their price target on Sprout Social from $70.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. KeyCorp dropped their price target on Sprout Social from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Robert W. Baird increased their price target on Sprout Social from $64.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. Finally, Piper Sandler dropped their price target on Sprout Social from $76.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.11.

Sprout Social Profile

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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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.

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

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