Shareholders that lost money on Sprout Social, Inc. (SPT) should contact The Gross Law Firm about pending Class Action - SPT

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].