Lawsuit filed for Investors who lost money with shares of SentinelOne, Inc. (NYSE: S)

An investor, who purchased shares of SentinelOne, Inc. (NYSE: S), filed a lawsuit over alleged violations of Federal Securities Laws by SentinelOne, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of SentinelOne, Inc. (NYSE: S) have certain options and for certain investors are short and strict deadlines running. Deadline: August 07, 2023. NYSE: S investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Mountain View, CA based SentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. On June 1, 2023, SentinelOne, Inc. announced a restatement to its annual recurring revenue (ARR) due to a change in methodology and the correction of historical inaccuracies. Additionally, SentinelOne, Inc. cut its Fiscal Year 2024 revenue guidance to a range of $590M to $600M from $631M to $640M.

Shares of SentinelOne, Inc. (NYSE: S) declined from $21.95 per share on May 30, 2023, to $12.71 per share on June 5, 2023.

The plaintiff claims that between June 1, 2022 and June 1, 2023, the defendants failed to disclose to investors that: investors that the Company lacked effective internal controls over accounting and financial reporting, that, as a result, the Company's ARR was overstated, that, as a result, the Company's guidance was overstated, and that, as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of SentinelOne, Inc. (NYSE: S) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.