Class Action Filed Against Sprinklr, Inc. (CXM) Seeking Recovery for Investors

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 macroeconomic headwinds [2]. - The company’s stock price fell by $5.59 per share, approximately 34%, closing at $11.11 following the announcement of reduced estimates [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 - Following the June 5 announcement, Sprinklr's stock price dropped from $10.84 to $9.20 per share, a decline of over 15% in one day [2]. - The timing of the changes in sales strategy and leadership has surprised analysts, contributing to the negative market reaction [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 in the class action [1][3]. - The deadline for shareholders to seek lead plaintiff status is October 15, 2024, with no cost or obligation to participate [3].