Sprinklr (CXM) Slow Growth Case

S.D. New York

Court

1:24-cv-06132

Case number

03/29/2023

Class period Start

06/05/2024

Class period End

10/15/2024

Lead Plaintiff motion deadline

$CXM stockholders filed a claim against Sprinklr for hiding issues and slow growth in its core products.
After the financial results on June 5, 2024, $CXM fell by 15%.
Sprinklr investors can join this case to be notified about potential recovery.
Case Details:

On December 6, 2023, Sprinklr reported a drop in big customers spending over $1 million and lowered its growth forecast for 2025 from 16% to 10%, blaming tough economic conditions.

On this news, $CXM fell by more than 33%.

During the March 27, 2024 earnings call, Sprinklr kept giving overly optimistic forecasts, even though there were ongoing issues and leadership changes.

Then, on June 5, 2024, Sprinklr cut its 2025 growth forecast to 7%, citing customer losses and economic challenges.

After that, $CXM dropped by more than 15%.

Based on these events, a $CXM stockholder filed a claim against Sprinklr and its leaders for misleading investors with overly positive updates while hiding issues and slow growth in their core products.

Case Status

Lead Plaintiff Appointed

Alleged Offence

Mismanagement,

Misleading Statements,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

06/05/2024

Filing date

08/13/2024

Lead Plaintiff Deadline

10/15/2024

Sprinklr (CXM) Slow Growth Case

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