NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP announces the upcoming July 12, 2024, deadline in the Sprout Social (Nasdaq: SPT) Securities Class Action Lawsuit. If you invested in Sprout Social, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/sprout-social-inc-investigation. Why is SPT being Sued? On May 13, 2024, Sprout Social was sued for violations of the federal securities laws. The Complaint alleges that between November ...

SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Sprout Social, Inc. (NASDAQ: SPT) securities between November 2, 2023 and May 2, 2024. Sprout Social is a software company that develops and operates a web-based social media management platform. According to the complaint, during the class period, defendants failed to disclose to investors: (1) the Company's sales and reven ...

Core Viewpoint - A securities class action lawsuit has been filed against Sprout Social, Inc. for alleged violations of federal securities laws, including fraudulent misrepresentations and omissions regarding the company's business and operations, leading to significant investor losses [1]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Northern District of Illinois against Sprout Social, Inc. (NASDAQ: SPT) [1]. - The class action complaint is titled Munch v. Sprout Social, Inc., et al., Case No. 24-cv-03867 [5]. - Investors have until July 12, 2024, to seek appointment as lead plaintiff or remain absent class members [5]. Group 2: Financial Impact - Following the announcement of the lawsuit, Sprout Social's stock price dropped by $19.33 per share, a decline of 40.15%, closing at $28.82 per share on May 3, 2024 [4]. - On May 2, 2024, Sprout Social reported that it missed its revenue guidance for Q1 2024 and revised its full-year revenue guidance downward by $20 million [8]. - The CFO attributed the revenue miss to underestimating enterprise seasonality and self-induced sales execution headwinds [8]. Group 3: Company Statements - The incoming CEO mentioned that several strategic decisions made prior to Q1 were thought to be manageable but ultimately set the company back [8].

Why is SPT being Sued? If you invested in Sprout Social, Inc. you may be eligible to lead the case on behalf of shareholders. Why Bleichmar Fonti & Auld LLP? Submit your information: https://www.bfalaw.com/cases/sprout-social-inc-investigation. https://www.bfalaw.com/cases/sprout-social-inc-investigation https://www.bfalaw.com/cases/sprout-social-inc-investigation What Can You Do? On May 13, 2024, Sprout Social was sued for violations of the federal securities laws. The Complaint alleges that between Novemb ...

LOS ANGELES, June 21, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming July 12, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ: SPT) securities between November 2, 2023 and May 2, 2024, inclusive (the "Class Period"). The complaint filed in this class action alleges that throughout the Class Period, Defendants made ma ...

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Leading law firm Bleichmar Fonti & Auld LLP announces the upcoming July 12, 2024, deadline in the Sprout Social (Nasdaq: SPT) Securities Class Action Lawsuit. If you invested in Sprout Social, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/sprout-social-inc-investigation. https://www.bfalaw.com/cases/sprout-social-inc-investigation What Can You Do? On May 13, 2024, Sprout Social was sued for violations of the federal s ...

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased Sprout Social securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually lit ...

Sprout Social (SPT) closed the last trading session at $33.55, gaining 8.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $48.25 indicates a 43.8% upside potential. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in ...

NEW YORK, June 19, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ: SPT) and reminds investors of the July 12, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP)Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a lead ...

If you suffered Sprout Social losses, you may CLICK HERE or go to: https://www.ktmc.com/newcases/sprout-social-inc?utm_source=PR&utm_medium=link&utm_campaign=spt&mktm=r On May 2, 2024, Sprout Social announced the company's operating results for the first fiscal quarter of 2024, disclosing that Sprout Social had missed its revenue guidance for the quarter and revised its full year 2024 revenue guidance downward by $20 million. In addressing the results, Sprout Social's CFO said that the company had "underest ...