Press release
Lawsuit Alert: Investors who lost money with shares of Sprinklr, Inc. (NYSE: CXM) should contact the Shareholders Foundation
A lawsuit was filed on behalf of investors in Sprinklr, Inc. (NYSE: CXM) shares over alleged securities laws violations.
Investors who purchased shares of Sprinklr, Inc. (NYSE: CXM) have certain options and for certain investors are short and strict deadlines running. Deadline: October 15, 2024. NYSE: CXM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
New York based Sprinklr, Inc. provides enterprise cloud software products worldwide. On June 5, 2024, Sprinklr, Inc. announced its first quarter fiscal 2025 results and noted during its earnings call that "Q1 performance reflects lower net new bookings, and increased customer churn."
Shares of Sprinklr, Inc. (NYSE: CXM) declined from $17.14 per share on December 06, 2023, to as low as $8.40 per share on June 18, 2024.
The plaintiff claims that between March 29, 2023 and June 5, 2024, the Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the difficulties in the implementation of scaling in the CCaaS market and the resulting growth slowdown on their existing "go-to-market" initiatives associated with Sprinklr's core suite of products, which collectively caused Plaintiff and other shareholders to purchase Sprinklr's securities at artificially inflated prices.
Those who purchased shares of Sprinklr, Inc. (NYSE: CXM) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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