The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of SentinelOne, Inc. (NYSE: S) who purchased securities between June 1, 2022 and June 1, 2023. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the SentinelOne lawsuit alleges that (1) the Company lacked effective internal controls over accounting and financial reporting; (2) as a result, the Company’s Annualized Recurring Revenue ("ARR") was overstated; (3) as a result, the Company’s guidance was overstated; and (4) as a result of the foregoing, defendants' positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until August 7, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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