Core Viewpoint - A class action lawsuit has been filed against Sprout Social, Inc. for alleged violations of securities laws, claiming that the company made false and misleading statements regarding its sales growth and revenue guidance [1][6]. 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]. - The class period for the lawsuit is from November 2, 2023, to May 2, 2024 [5]. - The class has not yet been certified, meaning that affected shareholders 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 the company transitioned to an enterprise sales cycle [6]. - It is claimed that the company failed to effectively integrate its Tagger acquisition and faced self-induced sales challenges [6]. - The company is accused of needing to revise its fiscal year 2024 revenue guidance, which led to misleading public statements [6].

Core Viewpoint - The Gross Law Firm is representing shareholders of Sprout Social, Inc. in a class action lawsuit due to alleged misleading statements and omissions that inflated the company's stock price [1][5]. Group 1: Class Action Details - The class period for the lawsuit is from November 3, 2021, to May 2, 2024, with a deadline for lead plaintiff registration set for July 12, 2024 [3][6]. - Shareholders who purchased shares during the class period are encouraged to register for potential recovery [2][3]. Group 2: Allegations Against the Company - The complaint alleges that the company made materially false and misleading statements regarding its sales and revenue growth, which did not reflect its transition to an enterprise sales cycle [5]. - It is claimed that the company faced integration challenges with its acquisition of Tagger, leading to self-induced sales headwinds and a revision of fiscal year 2024 revenue guidance [5]. - The positive statements made by the defendants about the company's business operations and prospects were allegedly materially misleading and lacked a reasonable basis [5]. Group 3: Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [6]. - Participation in the case incurs no cost or obligation for shareholders [6].

Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sprout Social, Inc. (NASDAQ: SPT) between November 2, 2023 and M ...

Company Overview - Sprout Social, Inc. is a leading provider of cloud-based social media management software, serving over 30,000 brands with its platform [5][7] - The company has been recognized as the 1 Best Software Product by G2's 2024 Best Software Award, highlighting its comprehensive publishing, engagement, customer care, influencer marketing, and AI-powered business intelligence functionalities [7] Financial Reporting - Sprout Social will report its financial results for the second quarter ending June 30, 2024, after market close on August 1, 2024 [5] - A conference call and webcast to discuss the financial results will take place at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on the same day [5] Communication Channels - The company routinely announces material information through SEC filings, press releases, public conference calls, webcasts, and its investor relations website [8] - Sprout Social encourages stakeholders to follow its social media profiles for updates and material information [8]

SOURCE THE ROSEN LAW FIRM, P. A. NEW YORK, July 8, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sprout Social, Inc. (NASDAQ: SPT) between November 2, 2023 and May 2, 2024, both dates inclusive (the "Class Period"), of the important July 12, 2024 lead plaintiff deadline. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experien ...

The Complaint expands upon the class period and allegations asserted in a related action against Sprout Social captioned Munch v. Sprout Social, Inc., No. 24-cv-03867 (N.D. Ill. May 13, 2024) (the "Munch Complaint"). Specifically, the City of Hollywood Police Officers' Retirement System action (the "Expanded Action") expands the pled class period, from November 2, 2023 to May 2, 2024 in the Munch Complaint to November 3, 2021 to May 2, 2024, and alleges Defendants misrepresented their ability and success in ...

NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Sprout Social, Inc. ("Sprout" or the "Company") (NASDAQ: SPT) of a class action securities lawsuit. SPT investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Sprout investors who were adversely affected by alleged securities fraud between November 2, 2023 and May 2, 2024. Follow the link be ...

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 November 2, 2023 and May 2, 2024 Spout Social 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 faced "sales headwinds;" (4) as a result, ...

Why is SPT being Sued? What Can You Do? https://www.bfalaw.com/cases/sprout-social-inc-investigation For more information about BFA and its attorneys, please visit https://www.bfalaw.com. NEW YORK, June 29, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP announces the upcoming July 12, 2024, deadline in the Sprout Social (Nasdaq: SPT) Securities Class Action Lawsuit. Sprout Social's stock declined approximately 40% the following day. BFA Law encourages investors who lost money in their Spro ...

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased Sprout Social securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually lit ...