Sprout Social, Inc. Class A Common Stock (SPT)
Sprout Social's founders in bid to take social media tools provider private, sources say
NEW YORK, May 20 (Reuters) - The founders of Sprout Social are in talks to take the provider of social media tools to businesses private, changing course after listing the company in the stock market five years ago, people familiar with the matter said on Monday. Founders including Justyn Howard, Gil Lara, Aaron Rankin and Peter Soung control Sprout through a special class of shares. They have held talks with private equity firms that could partner with them on a deal, the sources said. The Chicago, Illinois-based company's board has formed a special committee of independent directors to consider a deal and has hired investment bank Morgan Stanley as its adviser, the sources added. The sources cautioned that no deal is certain and requested anonymity because the matter is confidential. Sprout Social and Morgan Stanley did not immediately respond to requests for comment. Sprout Social makes cloud-based software and technology tools that helps companies manage their social media strategy. Prominent customers include enterprise software maker Salesforce , writing tools maker Grammarly, and financial services firm Plaid. The company's shares, which have risen about 87% since its initial public offering in 2019, have lost a third of their value since May 2, when Sprout forecast full-year revenue below market expectations. The company now has a market value of $1.7 billion. Last month, Sprout Social said the company's president, Ryan Barretto, would succeed Howard as CEO starting in October. (Reporting by Milana Vinn and Anirban Sen in New York; Editing by Lisa Shumaker)
Levi & Korsinsky Notifies Shareholders of Sprout Social, Inc. (SPT) of a Class Action Lawsuit and an Upcoming Deadline
NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Sprout Social, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before July 12, 2024 to Discuss Your Rights - SPT
NEW YORK, NY / ACCESSWIRE / May 20, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Levi & Korsinsky Reminds Sprout Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 12, 2024 - SPT
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Investors in Sprout Social, Inc. Should Contact Levi & Korsinsky Before July 12, 2024 to Discuss Your Rights - SPT
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Sprout Social, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before July 12, 2024 to Discuss Your Rights - SPT
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Sprout Social, Inc.(SPT) Shareholders
NEW YORK, NY / ACCESSWIRE / May 19, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sprout Social, Inc. and Encourages Investors to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sprout Social, Inc. ("Sprout" or "the Company") (NASDAQ:SPT) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Sprout Social, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before July 12, 2024 to Discuss Your Rights - SPT
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Shareholders that lost money on Sprout Social, Inc.(SPT) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Lost Money on Sprout Social, Inc.(SPT)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 12, 2024 in Sprout Social, Inc. Lawsuit - SPT
NEW YORK, NY / ACCESSWIRE / May 18, 2024 / If you suffered a loss on your Sprout Social, Inc. (NASDAQ:SPT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
