CXM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Sprinklr, Inc. Investors with Substantial Losses Have Opportunity to Lead the Sprinklr Class Action Lawsuit

Core Viewpoint - The Sprinklr class action lawsuit alleges that the company and its executives made misleading statements regarding its performance and growth prospects, leading to significant stock price declines during the class period [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Boshart v. Sprinklr, Inc., and it involves purchasers of Sprinklr securities from March 29, 2023, to June 5, 2024 [1]. - Investors have until October 15, 2024, to seek appointment as lead plaintiff in the lawsuit [2][6]. - The lawsuit claims that Sprinklr faced difficulties in scaling its Contact Center as a Service market, which contributed to a slowdown in growth [3]. Group 2: Financial Performance Allegations - On December 6, 2023, Sprinklr reported a sequential decrease in the number of customers spending over $1 million, attributing this to macroeconomic conditions, which led to a stock price drop of over 33% [4]. - On June 5, 2024, Sprinklr further reduced its fiscal year 2025 growth projections from 10% to 7%, citing reduced customer retention and macro headwinds, resulting in a stock price decline of more than 15% [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Sprinklr securities during the class period to seek lead plaintiff status [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases [7].