Endava, plc (NYSE: DAVA)

This lawsuit is for anyone who acquired securities in Endava, plc (NYSE: DAVA) from May 23, 2023 through February 28, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by overstating the demand for the Company’s Payments & Financial Services vertical and Banking & Capital Markets vertical.

On February 29, 2024, Endava released its second quarter fiscal 2024 financial results, falling below estimates and providing lowered guidance for the remainder of the fiscal year. The Company further stated that some of its clients had delayed their orders due to economic uncertainty. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Endava, plc (NYSE: DAVA) from May 23, 2023 through February 28, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.