CXM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Sprinklr, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Core Viewpoint - A class action lawsuit has been filed against Sprinklr, Inc. for alleged violations of federal securities laws, impacting investors who acquired Sprinklr securities between March 29, 2023, and June 5, 2024 [1][2]. Group 1: Case Background - Sprinklr announced strong Q3 2024 results on December 6, 2023, but subsequently reduced its growth estimates for Q4 and full year 2025, citing "subscription renewal pressures" and macroeconomic challenges [3]. - The CEO indicated that investments in AI and the CCaaS market were key to customer growth, but changes in C-level positions raised concerns among analysts regarding the company's sales strategy [3]. - Following the announcement of reduced estimates, Sprinklr's stock price fell by $5.59 per share, approximately 34%, closing at $11.11 per share [3]. Group 2: Recent Developments - On June 5, 2024, Sprinklr further reduced its fiscal year 2025 growth projections by an additional three percent, down to 7% annual growth, attributing this to decreased customer retention and ongoing macro headwinds [4]. - The stock price dropped from $10.84 per share on June 5, 2024, to $9.20 per share on June 6, 2024, marking a decline of over 15% in one day [4]. Group 3: Legal Proceedings - A class action lawsuit has been initiated, and affected investors are encouraged to join the case by visiting the law firm's website [2][5]. - Investors have until October 14, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this role [5].