Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, July 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Sprinklr, Inc. (“Sprinklr” or the “Company”) (NYSE: CXM) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors.
Investors of Sprinklr that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On June 5, 2024, Sprinklr issued a press release “report[ing] financial results for its first fiscal quarter ended April 30, 2024.” Among other items, Sprinklr provided full-year revenue guidance below expectations and second-quarter revenue guidance that fell short of consensus estimates. Sprinklr cited a soft demand environment with longer sales cycles and heightened budgetary scrutiny, and advised investors that it observed higher churn in its core product suites due to reduced marketing spend, elimination of programs, and seat reductions. Following the results, a D.A. Davidson analyst downgraded Sprinklr from Buy to Neutral, while Cantor Fitzgerald downgraded Sprinklr from Overweight to Neutral.
On this news, Sprinklr’s stock price fell $1.64 per share, or 15.13%, to close at $9.20 per share on June 6, 2024.
Persons with non-public information regarding Sprinklr, Inc. should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program.
Please visit our website to review more information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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