San Diego, CA -- (SBWIRE) -- 06/15/2023 -- An investor, who purchased shares of SentinelOne, Inc. (NYSE: S), filed a lawsuit against SentinelOne, Inc. over alleged violations of Federal Securities Laws.

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:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.