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Stock impact report

SPRINKLR ALERT: Bragar Eagel & Squire, P.C. is Investigating Sprinklr, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Sprinklr, Inc. Class A (CXM) 
Company Research Source: GlobeNewswire
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Sprinklr, Inc. (NYSE: CXM) on behalf of long-term stockholders following a class action complaint that was filed against Sprinklr on August 13, 2024 with a Class Period from March 29, 2023 to June 5, 2024. Our investigation concerns whether the board of directors of Sprinklr have breached their fiduciary duties to the company. According to the complaint, on December 6, 2023, Sprinklr announced strong 3Q 2024 results and then reduced its estimated growth for the 4Q and full year 2025. The Company blamed it on “subscription renewal pressures” caused by macro headwinds and the “over-rotation” of sales to its Contact Center as a Service (“CCaaS”) market. On an earnings call in September 2023, CEO Ragy Thomas stated that the Company’s investments in AI and the CCaaS opportunity were main contributors to its customer growt Show less Read more
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