Sprout Social

SPT

ATLANTA, GA – – (Globe Newswire – May 13, 2024) – – Holzer & Holzer, LLC announces that it has filed a shareholder class action lawsuit against Sprout Social, Inc. (“Sprout Social” or the “Company”) (NASDAQ: SPT). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material information regarding the Company’s business, operations, and prospects, including allegations 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; (3) as a result, the Company was “self inducing sales headwinds;” and (4) as a result, the Company would revise fiscal year 2024 revenue guidance.

If you bought Sprout Social shares between November 2, 2023 and May 2, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832, or you may visit the firm’s website at www.holzerlaw.com/case/sprout-social/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is July 12, 2024.

Registration Deadline

Lead Plaintiff Deadline Has Passed

July 12, 2024

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