Summary Sprout Social’s recent quarterly report showed a growth acceleration in the percentage growth of ARR.The company’s partnership with Salesforce is in its nascent stage, and the benefits Sprout will achieve because Salesforce has sunsetted its product in this space are just starting to emerge.The company’s largest competitor, Hootsuite has run into financial issues and…
This morning we sold our 500 share position in Sprout Social at $50.29. This sale raised $25,145. We had bought Sprout at $30 in July-this is a pretty significant rate of appreciation. We mentioned in last week’s portfolio commentary that we were considering a sale, and today, after watching the price action, we decided to…
We are making the following changes in the high growth portfolio, effective today, July 23, 2020. We are selling an additional 125 shares of our Alteryx position at $171 which has yielded proceeds of $21,375 and we have sold 110 shares of our Atlassian position at $194.50 which has yielded proceeds of $21,395. The two…
Summary Sprout Social is a leader in the category of Social Media Marketing Management. The company has an extensive, and quite sophisticated set of tools that can be used to measure the efficacy and reach of social media marketing campaigns. The company is a recent IPO, but it has nowhere near the valuation of many…