NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ: SPT). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4- POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Sprout Social and cer ...

Core Viewpoint - A class action lawsuit has been filed against Sprout Social, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its sales growth and revenue guidance [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased securities between November 2, 2023, and May 2, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against the Company - The complaint alleges that Sprout's sales growth was not indicative of future performance as it transitioned to an enterprise sales cycle [4]. - The company reportedly failed to effectively integrate its Tagger acquisition and faced self-induced sales challenges [4]. - As a result of these issues, Sprout was expected to revise its fiscal year 2024 revenue guidance, leading to materially misleading public statements [4].

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material informat ...

SAN DIEGO, June 04, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Sprout Social, Inc. (NASDAQ: SPT) securities between November 2, 2023 and May 2, 2024. Sprout Social is a software company that develops and operates a web-based social media management platform. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbin ...

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ: SPT) between November 2, 2023 and May 2, 2024, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Northern District of Illinois and alleges violations of the Securities Exchange A ...

CANNOT VIEW THIS VIDEO? PLEASE CLICK HERE or go to: https://youtu.be/HSgDoq74DKk DEFENDANTS' ALLEGED MISCONDUCT On May 2, 2024, Sprout Social announced the company's operating results for the first fiscal quarter of 2024, disclosing that Sprout Social had missed its revenue guidance for the quarter and revised its full year 2024 revenue guidance downward by $20 million. In addressing the results, Sprout Social's CFO said that the company had "underestimated the magnitude of enterprise seasonality" and had a ...

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Leading law firm Bleichmar Fonti & Auld LLP announces the upcoming July 12, 2024, deadline in the Sprout Social (Nasdaq: SPT) Securities Class Action Lawsuit. If you invested in Sprout Social, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/sprout-social-inc-investigation. Why is SPT being Sued? On May 13, 2024, Sprout Social was sued for violations of the federal securities laws. The Complaint alleges that between Nove ...

Investors might want to bet on Sprout Social (SPT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. Analysts' growing optimism on the earnings prospects of this developer of cloud software is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in e ...

Shares of Sprout Social (SPT) have gained 13.3% over the past four weeks to close the last trading session at $32.65, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $51.08 indicates a potential upside of 56.5%. The average comprises 12 short-term price targets ranging from a low of $40 to a high of $76, with a standard deviation of $11.03. While the lowest estimate indicates an ...

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ: SPT) for violations of the federal securities laws on behalf of investors who purchased or acquired Sprout Social common stock between November 2, 2023 and May 2, 2024, inclusive (the "Class Period"). On May 13, 2024, a complaint was filed against the Co ...