INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Sprout Social, Inc. with Losses to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Sprout Social, Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its sales growth and revenue guidance [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased securities between November 2, 2023, and May 2, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against the Company - The complaint alleges that Sprout's sales growth was not indicative of future performance as it transitioned to an enterprise sales cycle [4]. - The company reportedly failed to effectively integrate its Tagger acquisition and faced self-induced sales challenges [4]. - As a result of these issues, Sprout was expected to revise its fiscal year 2024 revenue guidance, leading to materially misleading public statements [4].