SPROUT investors have the opportunity to lead the Sprout Social, Inc. regarding securities fraud

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LOS ANGELES, June 11, 2024

LOS ANGELES , June 11, 2024 /PRNewswire/ — Schall Law Firmnational shareholder rights litigation firm, reminds investors of class action lawsuit against Sprout Social, Inc. (“Sprout” or the “Company”) (NASDAQ: SPT) for violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities Exchange Commission and Stock Exchanges.

Investors who purchased the Company’s securities between November 2, 2023 and May 2, 2024, inclusive (the ‘Class Period’), are encouraged to contact the firm before July 12, 2024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us via the company’s website at www.schallfirm.comor by email to [email protected].

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Sprout’s sales growth was not indicative of future sales growth as it approaches the corporate sales cycle. The company failed to successfully integrate Tagger integration. The company faced “self-inflicted sales difficulties.” The Company will be forced to revise its revenue projections for fiscal year 2024. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Sprout, investors suffered losses.

Join the cause and recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

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SOURCE Schall Law Firm