Archived Investigations

Sprinklr, Inc. (NYSE: CXM)

Company Name:Sprinklr, Inc.

Stock Symbol:NYSE: CXM

Court:Southern District of New York

Class Period Start:03/29/2023

Class Period End (inclusive):06/05/2024

Filing Deadline:The deadline has passed.

August 15, 2024

Sprinklr and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 5, 2024, the Company disclosed disappointing financial news including significantly reduced growth expectations, cutting fiscal year 2025 projections an additional three percent, down to 7% annual growth, due to reduced customer retention in the Company’s core business and macro headwinds.

On this news, the price of Sprinklr’s shares fell from a closing price of $10.84 per share on June 5, 2024 to $9.20 per share on June 6, 2024, a decline of more than 15% in the span of one day.

The case is Boshart v. Sprinklr, Inc., No. 24-cv-06132.

Click here to read the first filed complaint.

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How to Contact Us

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us