Sprinklr, Inc.

356332 Days Left

Class Action Period:
April 08, 2019 - April 08, 2024

Lead Plaintiff Deadline:
January 01, 3000

Case Form

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Allegations

On December 6, 2023, Sprinklr announced strong 3Q 2024 results and then reduced its estimated growth for the 4Q and full year 2025. The Company blamed it on “subscription renewal pressures” caused by macro headwinds and the “over-rotation” of sales to its CCaaS market. On an earnings call in September 2023, CEO Ragy Thomas stated that the Company’s investments in AI and the CCaaS opportunity were main contributors to its customer growth. Subsequently, in March several changes were made to the Company’s C-level positions. Analysts commenting on the reduced estimates mention surprise at the timing and shift in the Company’s sales strategy. Following this news, Sprinklr’s stock price fell by $5.59 per share, or approximately 34% to close at $11.11 per share.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Sprinklr purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Sprinklr during the relevant time frame, you have until January 01, 3000 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.