Ensign Peak Advisors Inc Purchases 1,360 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Ensign Peak Advisors Inc lifted its position in Sprout Social, Inc. (NASDAQ:SPT – Get Rating) by 13.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 11,820 shares of the company’s stock after buying an additional 1,360 shares during the period. Ensign Peak Advisors Inc’s holdings in Sprout Social were worth $717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Sprout Social in the third quarter worth $25,000. Wipfli Financial Advisors LLC purchased a new position in Sprout Social in the third quarter worth $28,000. MCF Advisors LLC purchased a new position in Sprout Social in the third quarter worth $31,000. Assetmark Inc. grew its position in Sprout Social by 37.2% in the third quarter. Assetmark Inc. now owns 682 shares of the company’s stock worth $41,000 after acquiring an additional 185 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Sprout Social by 941.1% in the second quarter. Captrust Financial Advisors now owns 760 shares of the company’s stock worth $44,000 after acquiring an additional 687 shares in the last quarter. Institutional investors own 86.34% of the company’s stock.

Insider Activity

In related news, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $62.61, for a total value of $1,252,200.00. Following the completion of the transaction, the chief executive officer now directly owns 238,756 shares of the company’s stock, valued at $14,948,513.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Preto Joseph Del sold 505 shares of the stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $56.48, for a total value of $28,522.40. Following the completion of the transaction, the chief financial officer now directly owns 119,012 shares of the company’s stock, valued at $6,721,797.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $62.61, for a total transaction of $1,252,200.00. Following the transaction, the chief executive officer now directly owns 238,756 shares of the company’s stock, valued at approximately $14,948,513.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,641 shares of company stock valued at $5,310,524. Insiders own 13.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley upped their target price on shares of Sprout Social from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 13th. Canaccord Genuity Group upped their price target on shares of Sprout Social from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, February 22nd. Cantor Fitzgerald lowered shares of Sprout Social from an “overweight” rating to a “neutral” rating and cut their price target for the company from $62.00 to $53.00 in a research report on Monday, February 13th. KeyCorp upped their price target on shares of Sprout Social from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, Robert W. Baird upped their price target on shares of Sprout Social from $64.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Sprout Social Trading Up 1.0 %

Shares of NASDAQ:SPT opened at $57.61 on Tuesday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -62.62 and a beta of 0.91. The company has a 50-day moving average price of $61.25 and a 200-day moving average price of $60.04. Sprout Social, Inc. has a 12 month low of $38.39 and a 12 month high of $85.99.

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, 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.