LOS ANGELES, July 12, 2024 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Sprout Social, Inc. (“Sprout” or “the Company”) (NASDAQ:SPT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of SPT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery, but will provide investors with more control over the case.
CLASS PERIOD: November 2, 2023 to May 2, 2024
DEADLINE: July 12, 2024
CASE DETAILS: The complaint focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sprout reported its first quarter earnings on May 2, 2024. The Company missed analysts’ expectations and also underwhelmed with its guidance for the coming quarter. Based on this news, shares of Sprout fell by 40% on May 3, 2024.
If you are a shareholder who suffered a loss, please contact David Schwartz, the managing partner of DJS Law Group, at [email protected]
NEXT STEPS FOR SHAREHOLDERS:
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP
