NASDAQ: ACCD

Accolade, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Accolade, Inc. (NASDAQ: ACCD) resulting from allegations that Accolade may have issued materially misleading business information to the investing public.

If you purchased Accolade securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased Accolade securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On April 28, 2022, after market hours, Accolade released its 2022 4th quarter financial results. Accolade revealed that “a large customer notified us that they would be ending their service relationship with us after the end of calendar 2022.” Furthermore, Accolade reported steep losses, with a quarterly loss of $0.27 per share, missing consensus estimates. During the earnings call, Accolade CEO Rajeev Singh revealed that the ‘large customer’ was Comcast, one of Accolade’s largest and oldest customers.

On this news, Accolade’s stock price fell $5.50 per share, or over 49%, to close at $5.56 per share on April 29, 2022.

 

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Company Name: Accolade, Inc.
Stock Symbol: ACCD
Class Period: N/A
Court: N/A
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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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