SPT CLASS ACTION: Contact Robbins LLP for Information About the Class Action Against Sprout Social, Inc.

Core Viewpoint - A class action lawsuit has been filed against Sprout Social, Inc. for failing to disclose significant challenges affecting its revenue growth and guidance during a critical transition period [1][2]. Group 1: Allegations and Company Performance - The lawsuit alleges that Sprout Social did not inform investors that its sales and revenue growth were misleading as the company transitioned to an enterprise sales cycle [2]. - The company faced integration challenges with its acquisition of Tagger, which contributed to self-induced sales headwinds [2]. - As a result of these issues, Sprout Social revised its fiscal year 2024 revenue guidance downward by $20 million [8]. Group 2: Market Reaction - Following the announcement of missed revenue guidance and the downward revision, Sprout Social's stock price dropped by $19.33, or 40.1%, closing at $28.82 per share on May 3, 2024 [8]. Group 3: Legal Proceedings - Shareholders interested in participating as lead plaintiffs in the class action must file motions by July 12, 2024 [5]. - The law firm Robbins LLP, which is leading the class action, has a history of recovering over $1 billion for shareholders since its inception [3].