PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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EXPLORER
US85209W1099
State: 17.08.2024 | 11PM
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FIGI: BBG001K1CT23
SPT
Sprout Social, Inc.
GICS: - · Sector: Technology · Sub-Sector: Software—Application
NAME
Sprout Social, Inc.
ISIN
US85209W1099
TICKER
SPT
MIC
XNAS
REUTERS
SPT.OQ
BLOOMBERG
SPT US
Tue, 12.11.2024       Sprout Social
US85209W1099

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.

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