BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Sprout Social, Inc. (“Sprout Social” or the “Company”) (NASDAQ: SPT) investors concerning the Company’s possible violations of federal securities laws.
On May 2, 2024, Sprout Social released its first quarter 2024 financial results, missing the Company’s prior guidance and lowering its 2024 outlook by approximately $20 million. The Company explained that its transition to enterprise set it back and that “there were execution headwinds that were self-induced.”
On this news, Sprout Social’s stock price fell $19.33, or 40.1%, to close at $28.82 per share on May 3, 2024, thereby injuring investors.
If you purchased Sprout Social securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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