SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sprinklr, Inc.

NEW YORK, June 7, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Sprinklr, Inc. (“Sprinklr” or the “Company”) (NYSE: CXM). Such investors are encouraged to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Sprinklr and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At 5 June2024, Sprinklr issued a press release “with financial results for the first fiscal quarter, April, 30th2024.” Among other things, Sprinklr provided full-year revenue guidance that was below expectations and second-quarter revenue guidance that fell short of consensus estimates. Citing a weak demand environment with longer sales cycles and tighter budget controls, Sprinklr told investors it had observed higher churn in its core product bundles due to reduced marketing spend, program cancellations and seat reductions. Following the results, an analyst at DA Davidson downgraded Sprinklr to Neutral from Buy, while Cantor Fitzgerald downgraded Sprinklr to Neutral from Overweight.

Following this news, Sprinklr’s share price fell 1,64 € per share or 15.13% and closed at $9.20 per share on June 6, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of securities litigation victims. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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