SAN DIEGO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sprinklr, Inc. (NYSE: CXM) securities between March 29, 2023 and June 5, 2024. Sprinklr is a software company that provides AI-based "Customer Experience Management" platforms for its client's customer-facing teams. Its products help customers provide customer service across various platforms and in different capacities. ...

Core Viewpoint - A class action lawsuit has been filed against Sprinklr, Inc. for alleged securities violations during the class period from March 29, 2023, to June 5, 2024, following significant declines in the company's stock price due to reduced growth expectations and strategic shifts [1][3][4]. Financial Performance - On December 6, 2023, Sprinklr reported strong Q3 2024 results but subsequently lowered its growth estimates for Q4 and full year 2025, citing "subscription renewal pressures" and "over-rotation" in sales strategy [3]. - The company's stock price fell by $5.59 per share, approximately 34%, closing at $11.11 per share after the announcement of reduced estimates [3]. - On June 5, 2024, Sprinklr cut its fiscal year 2025 growth projections by another 3%, down to 7% annual growth, attributing this to reduced customer retention and macroeconomic challenges [4]. - Following this announcement, Sprinklr's stock price dropped from $10.84 to $9.20 per share, a decline of over 15% in one day [4]. Management Changes - In March 2024, several changes were made to Sprinklr's C-level positions, which analysts noted as surprising given the timing and the shift in the company's sales strategy [3]. Legal Proceedings - Investors who purchased Sprinklr shares during the class period and suffered losses are encouraged to apply to be lead plaintiffs in the lawsuit by October 14, 2024 [1].

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Sprinklr, Inc. ("Sprinklr" or the "Company") (NYSE: CXM) securities between March 29, 2023 and June 5, 2024, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors under the federal securit ...

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Sprinklr, Inc. ("Sprinklr" or the "Company") (NYSE: CXM) between March 29, 2023 and June 5, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Shane Boshart v. Sprinklr, Inc., et al. (Case No. 1:24-cv-06132) has been commenced in the United States District Court for the Southern District of N ...

ATLANTA, Aug. 14, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Sprinklr, Inc. ("Sprinklr" or the "Company") (NYSE: CXM). The lawsuit alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company's projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations, which collectively caused Plaintiff and other shareholders to purchase Sprinklr's securities a ...

LOS ANGELES, Aug. 14, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Sprinklr, Inc. ("Sprinklr" or "the Company") (NYSE: CXM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 29, 2023 and June 5, 2024, inclusive (the "Class Period"), are encou ...

SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sprinklr, Inc. (NYSE: CXM) securities between March 29, 2023 and June 5, 2024, inclusive (the "Class Period"), have until October 15, 2024 to seek appointment as lead plaintiff of the Sprinklr class action lawsuit. Captioned Boshart v. Sprinklr, Inc., No. 24-cv-06132 (S.D.N.Y.), the Sprinklr class action lawsuit charges Sprinklr and certain of Sprinklr's top executives with violations of t ...

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Sprinklr, Inc. ("Sprinklr" or the "Company") (NYSE: CXM) between March 29, 2023 and June 5, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Shane Boshart v. Sprinklr, Inc., et al. (Case No. 1:24-cv-06132) has been commenced in the United States District Court for the Southern District of N ...

Reddit, Inc RDDT is benefiting from Alphabet Inc GOOGL Google search changes as well as partnerships with artificial intelligence innovator OpenAI and Sprinklr Inc CXM. Here are the analyst takes. Piper Sandler analyst Thomas Champion reiterated an Overweight rating on Reddit with a price target of $70, up from $65. JMP analyst Andrew Boone reiterated a Market Outperform rating and $84 price target on Reddit. Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and a price target of $60 on Reddit ...

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Right now, Sprinklr is sporting a Zacks Rank of #2 (Buy), while Ibotta has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that CXM likely has seen a st ...