Sprout Social, Inc. Class Action Lawsuit - SPT

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.

In order to be eligible to join the SPT class action lawsuit, you must have incurred a loss on shares of Sprout purchased during the class period listed above.

If you suffered a loss in Sprout during the relevant time frame or pursuant to the relevant offering(s), you have until July 12, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.