Law Offices of Howard G. Smith announces an investigation on behalf of Sprinklr, Inc. (“Sprinklr” or the “Company”) (NYSE: CXM) investors concerning the Company’s possible violations of federal securities laws.
On December 6, 2023, Sprinklr disclosed a sequential decrease in the total number of customers spending more than $1 million due to macroeconomic conditions. Additionally, the Company reduced its outlook for fiscal 2025 from 16% growth to 10%.
On this news, Sprinklr’s stock price fell $5.59, or 33.5%, to close at $11.11 per share on December 7, 2023, thereby injuring investors.
Then, on June 5, 2024, Sprinklr further reduced its fiscal 2025 growth expectations, from 10% to 7%, attributing the losses to reduced customer retention in the Company’s core business and macro headwinds.
On this news, Sprinklr’s stock price fell $1.64, or 15.1%, to close at $9.20 per share on June 6, 2024, thereby injuring investors further.
If you purchased Sprinklr securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240815256461/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
