Sprinklr(US:CXM) Prnewswireยท2024-09-30 09:45Core Viewpoint - Sprinklr, Inc. has faced significant stock price declines due to reduced growth expectations and changes in sales strategy, leading to a class action notice for shareholders [1][2]. Group 1: Company Performance - On December 6, 2023, Sprinklr announced strong Q3 2024 results but subsequently reduced its estimated growth for Q4 and full year 2025, citing "subscription renewal pressures" and "over-rotation" in sales to the CCaaS market [1]. - Following the announcement, Sprinklr's stock price fell by $5.59 per share, approximately 34%, closing at $11.11 per share [1]. - On June 5, 2024, Sprinklr further cut its fiscal year 2025 growth projections by 3%, down to 7% annual growth, attributing this to reduced customer retention and macroeconomic challenges [1]. - 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 [1]. Group 2: Shareholder Actions - Shareholders who purchased shares of CXM during the specified class period (March 29, 2023, to June 5, 2024) are encouraged to contact the Gross Law Firm regarding potential lead plaintiff appointment [1][2]. - The deadline for shareholders to register for the class action and seek lead plaintiff status is October 15, 2024 [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2].