NEW
YORK, Nov. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law
firm, is investigating whether certain officers and directors of
Sprout Social, Inc. (NASDAQ: SPT) breached their fiduciary
duties to shareholders.
According to a federal securities lawsuit, Sprout Social
insiders caused the company to misrepresent or fail to disclose
that (1) the Company's sales and revenue growth were not indicative
of the Company's growth as it transitioned to an enterprise sales
cycle; (2) the Company faced integration challenges with its
acquisition of Tagger, a leading influencer marketing and social
intelligence platform; (3) as a result, the Company was "self
inducing sales headwinds;" (4) as a result, the Company would
revise fiscal year 2024 revenue guidance; and (5) as a result of
the foregoing, positive statements about the Company's business,
operations, and prospects were materially misleading and/or lacked
a reasonable basis.
If you currently own SPT and purchased prior to
November 2,
2023 please contact Justin Kuehn, Esq. here, by email
at justin@kuehn.law or call (833) 672-0814. The
consultation and case are free with no obligation to you.
Kuehn Law pays all case costs and
does not charge its investor clients. Shareholders should
contact the firm immediately as there may be limited time to
enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved,
you contribute to the integrity and fairness of the financial
markets. Your investment. Your voice. Your
future.™
For additional information, please visit Shareholder Derivative
Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
justin@kuehn.law
(833) 672-0814
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SOURCE Kuehn Law, PLLC