Sprinklr Inc. Class A Common Stock (NYSE: CXM)
The Complaint alleges that during the Class Period, Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the difficulties in the implementation of scaling in the CCaaS market and the resulting growth slowdown on their existing “go-to-market” initiatives associated with Sprinklr’s core suite of products, which collectively caused Plaintiff and other shareholders to purchase Sprinklr’s securities at artificially inflated prices.