Carillon Tower Advisers: “We Continue to Like Sprout Social (SPT)’s Favorable Competitive Position”

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted minor gains in the final quarter of 2021. In what has become a common theme, the Russell 2000® Growth Index (up 0.02%) trailed its Russell 2000® Value Index (up 4.36%) counterpart for the fifth consecutive quarter. Sector returns across the Russell 2000 Growth Index were mostly positive, with the defensively oriented utilities (up 14.18%) and real estate (up 13.94%) sectors leading the way. Industrials (up 9.73%), financials (up 9.05%), and consumer staples (up 5.67%) also provided returns that outpaced the benchmark. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Eagle Small Cap Growth Fund, in its Q4 2021 investor letter, mentioned Sprout Social, Inc. (NASDAQ: SPT) and discussed its stance on the firm. Sprout Social, Inc. is a Chicago, Illinois-based software company with a $4.0 billion market capitalization. SPT delivered a -17.14% return since the beginning of the year, while its 12-month returns are down by -6.38%. The stock closed at $71.46 per share on February 11, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Sprout Social, Inc. in its Q4 2021 investor letter:

“Sprout Social provides cloud-based software used by companies to interact with their customers via social media. The firm delivered strong results in the quarter and issued guidance above expectations, driven by larger deal sizes from commercial customers. Despite the positive results, the stock pulled back alongside the majority of high-growth software stocks. We continue to like the company’s favorable competitive position and market opportunity.”

Our calculations show that Sprout Social, Inc. (NASDAQ: SPT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. SPT was in 29 hedge fund portfolios at the end of the third quarter of 2021, compared to 25 funds in the previous quarter. Sprout Social, Inc. (NASDAQ: SPT) delivered a -47.73% return in the past 3 months.

In September 2021, we also shared another hedge fund’s views on SPT in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.