Recent Security Class Actions

Sprout Social Inc Class A Common Stock (NASDAQ: SPT)

27 Days left to seek lead plaintiff status.

Company Name:Sprout Social Inc Class A Common Stock
Stock Symbol:NASDAQ: SPT
Class Period Start:11/02/2023
Class Period End (inclusive):05/02/2024
Filing Deadline:07/12/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) the Company’s sales and revenue growth were not indicative of the Company’s growth as it transitioned to an enterprise sales cycle; (2) that the Company faced integration challenges with its acquisition of Tagger; (3) as a result, the Company was “self inducing sales headwinds;” (4) as a result, the Company would revise fiscal year 2024 revenue guidance; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Sprout Social Inc Class A Common Stock (NASDAQ: SPT) Claim Form

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