NEW YORK, Aug. 17, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Sprinklr, Inc. (NASDAQ: CXM) between March 29, 2023 and June 5, 2024, both dates inclusive (the "Class Period"), of the important October 15, 2024 lead plaintiff deadline. SO WHAT: If you purchased Sprinklr securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or c ...

Core Viewpoint - A class action lawsuit has been filed against Sprinklr, Inc. for alleged securities fraud and unlawful business practices, following disappointing financial results and guidance revisions [2]. Financial Performance - On December 6, 2023, Sprinklr reported a sequential decrease in the number of customers spending over $1 million, attributing this to macroeconomic conditions, and subsequently lowered its fiscal year 2025 guidance [2]. - Following the December announcement, Sprinklr's stock price dropped by $5.59, or 33.47%, closing at $11.11 per share on December 7, 2023 [3]. - On June 5, 2024, Sprinklr reported financial results for its first fiscal quarter, providing full-year revenue guidance below expectations and second-quarter revenue guidance that did not meet consensus estimates, citing a soft demand environment and increased churn in core product suites [4]. - After the June announcement, Sprinklr's stock price fell by $1.64, or 15.13%, closing at $9.20 per share on June 6, 2024 [5]. Legal Context - Investors who purchased Sprinklr securities during the class period have until October 14, 2024, to request appointment as Lead Plaintiff in the class action [2].

NEW YORK, Aug. 16, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of securities of Sprinklr, Inc. (NASDAQ: CXM) between March 29, 2023 and June 5, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by October 15, 2024. To join the Sprinklr class action, go to https://rosenlegal.com/submit-form/?case_id=27960 or call Phillip Kim, Esq. toll-free at 866 ...

Core Viewpoint - A class action lawsuit has been filed against Sprinklr, Inc. for alleged violations of federal securities laws, impacting investors who acquired Sprinklr securities between March 29, 2023, and June 5, 2024 [1][2]. Group 1: Case Background - Sprinklr announced strong Q3 2024 results on December 6, 2023, but subsequently reduced its growth estimates for Q4 and full year 2025, citing "subscription renewal pressures" and macroeconomic challenges [3]. - The CEO indicated that investments in AI and the CCaaS market were key to customer growth, but changes in C-level positions raised concerns among analysts regarding the company's sales strategy [3]. - Following the announcement of reduced estimates, Sprinklr's stock price fell by $5.59 per share, approximately 34%, closing at $11.11 per share [3]. Group 2: Recent Developments - On June 5, 2024, Sprinklr further reduced its fiscal year 2025 growth projections by an additional three percent, down to 7% annual growth, attributing this to decreased customer retention and ongoing macro headwinds [4]. - The stock price dropped from $10.84 per share on June 5, 2024, to $9.20 per share on June 6, 2024, marking a decline of over 15% in one day [4]. Group 3: Legal Proceedings - A class action lawsuit has been initiated, and affected investors are encouraged to join the case by visiting the law firm's website [2][5]. - Investors have until October 14, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [5].

NEW YORK, Aug. 15, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Sprinklr, Inc. (NYSE: CXM). Shareholders who purchased shares of CXM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/sprinklr-loss-submission-form/?id=95546&from=4 CLASS PERIOD: March 29, 2023 to June 5, 2024 ...

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 ...