SCHEDULE 13G/A: Wellington Management Group Discloses 5.5% Stake in Sprout Social, Inc. via Amended SEC Filing

Wellington Management Group LLP and its affiliates have filed an amended Schedule 13G, disclosing a beneficial ownership of 5.5% of Sprout Social, Inc.'s common stock as of March 31, 2025.

Summary

• Wellington Management Group LLP, along with its affiliated entities Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, and Wellington Management Company LLP, collectively reported beneficial ownership of 2,829,877 shares of Sprout Social, Inc. Common Stock.
• This aggregate amount represents 5.5% of Sprout Social, Inc.'s outstanding common stock.
• The reporting persons hold shared voting power over 2,392,657 shares and shared dispositive power over 2,829,877 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously disclosed position.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

NA

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• The disclosure of a significant stake by a major institutional investor like Wellington Management Group may be viewed positively by other investors, potentially signaling confidence in Sprout Social, Inc.

Next Steps

• NA

Key Dates

Keywords

Sprout Social Inc., Wellington Management Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Ownership Disclosure