Sprout Social, Inc. Lawsuit Submission Form
Company: Sprout Social, Inc.
Ticker: (NASDAQ) SPT
Deadline
Passed
Lead Plaintiff Deadline: July 12, 2024
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Allegations
The filed complaint alleges that Sprout Social, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s sales and revenue growth were not indicative of the Company’s growth as it transitioned to an enterprise sales cycle; (2) the Company faced integration challenges with its acquisition of Tagger, a leading influencer marketing and social intelligence platform; (3) as a result, the Company was “self inducing sales headwinds;” (4) as a result, the Company would revise fiscal year 2024 revenue guidance; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.