Endava, PLC Investors: Please contact the Portnoy Law Firm to recover your losses. October 25, 2024 Deadline to file Lead Plaintiff Motion

Core Viewpoint - A class action has been initiated against Endava, PLC for allegedly misleading investors about its business performance and financial condition during the specified class period [3][4]. Group 1: Class Action Details - The class action represents investors who purchased Endava securities between May 23, 2023, and February 28, 2024 [1]. - Investors have until October 25, 2024, to file a lead plaintiff motion [1]. Group 2: Allegations Against Endava - The allegations include misleading statements and omissions regarding demand for Endava's services in its Payments & Financial Services and Banking & Capital Markets verticals [3]. - The company reported revenues below expectations and significantly reduced its revenue guidance for the full year 2024, attributing this to clients hesitating to commit to necessary spending [4]. Group 3: Impact on Stock Price - Following the revelation of the company's financial struggles, Endava's stock price dropped by $26.65, or 42%, closing at $37.17 on February 29, 2024, amid heavy trading [4].