Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of SentinelOne, Inc. (S)
Benzinga The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SentinelOne, Inc. ("SentinelOne" or the "Company") S securities during the period from June 1, 2022 through June 1, 2023 (the "Class Period"). Investors have until August 7, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
SentinelOne develops security platforms to protect organizations against advanced threats and malware.
On June 1, 2023, after the market closed, SentinelOne published a press release titled "SentinelOne Announces First Quarter Fiscal Year 2024 Financial Results." Therein, the Company stated that "[a]s a result of a change in methodology and correction of historical inaccuracies . . . [the Company has] made a one-time adjustment to ARR of $27.0 million[.]" On this news, the price of SentinelOne shares declined by $7.28 per share, or approximately 35.14%, from $20.72 per share to close at $13.44 on June 2, 2023.
