Gartner Investors Courted to Lead Securities Class Action as May 18 Deadline Nears
The filings signal an early race to shape the case through the court’s lead‑plaintiff selection.
Overview
- Several plaintiff firms are inviting Gartner shareholders with losses to seek lead‑plaintiff status before a May 18, 2026 deadline.
- The case is pending in the U.S. District Court for the District of Connecticut as Schmidt v. Gartner, Inc., No. 26‑cv‑00394.
- The complaint says Gartner misled investors about its ability to hit Consulting targets and to sustain contract value growth.
- Investors cite August 2025 results showing contract value, a key subscription sales metric, slowed to 5% from 7%, followed by a stock drop of about 27%.
- They also point to February 3, 2026 disclosures that fourth‑quarter contract value grew about 1% year over year and Consulting missed internal targets, after which shares fell about 21%.