Sprinklr, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before October 15, 2024 to Discuss Your Rights

Core Viewpoint - Sprinklr, Inc. has faced significant stock price declines due to reduced growth expectations and changes in sales strategy, prompting a class action notice for shareholders [1][2]. Group 1: Company Performance - Sprinklr announced strong Q3 2024 results on December 6, 2023, but subsequently reduced its estimated growth for Q4 and full year 2025, citing "subscription renewal pressures" and "over-rotation" in sales to its CCaaS market [2]. - Following the announcement of reduced estimates, Sprinklr's stock price fell by $5.59 per share, approximately 34%, closing at $11.11 per share [2]. - On June 5, 2024, Sprinklr cut its fiscal year 2025 growth projections by another 3%, down to 7% annual growth, attributing this to reduced customer retention and macroeconomic challenges [2]. Group 2: Stock Price Impact - After the June 5 announcement, Sprinklr's stock price dropped from $10.84 per share to $9.20 per share on June 6, 2024, marking a decline of over 15% in one day [2]. Group 3: Shareholder Actions - Shareholders who purchased shares during the class period from March 29, 2023, to June 5, 2024, are encouraged to register for potential lead plaintiff appointment, with a deadline set for October 15, 2024 [3]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [3].