SPT Investors Have an Opportunity to Lead Sprout Social, Inc. in Securities Fraud Case – Contact Bronstein… Today!

NEW YORK, NEW YORK / ACCESSWIRE / July 4, 2024 / Bronstein, Gewirtz & Grossman, LLC, an internationally recognized law firm, notifies investors of the filing of a class action lawsuit against Sprout Social, Inc. (“Sprout” or the “Company”) (NASDAQ:SPT) and certain of its principals.

Class definition:

This lawsuit seeks to recover damages from Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Sprout securities between November 3, 2021 and May 2, 2024, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s website at bgandg.com/SPT.

Case details:

The complaint alleges that throughout the Complaint Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the complaint alleges that Defendants failed to disclose to investors: (1) that the Company’s sales and revenue growth was not indicative of the Company’s growth as it transitioned to a corporate sales cycle; (2) that the Company experienced integration issues in connection with the Tagger acquisition; (3) as a result, the Company “created sales headwinds”; (4) as a result, the Company would revise its revenue guidance for fiscal year 2024; and (5) that, as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

What’s next?

The class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website at bgandg.com/SPT or contact Peretz Bronstein, Esq. or his Client Relationship Manager, Nathan Miller of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Sprout, you have until July 12, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any award does not require that you serve as lead plaintiff.

There is no cost to you.

We represent investors in class action lawsuits on a contingency basis. This means that we will ask the court to recover our costs and attorney fees, usually a percentage of the total award, only if we are successful.

Why Bronstein, Gewirtz and Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors across the country.

Lawyer Advertising. Previous results do not guarantee similar results.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz & Grossman, LLC