The SentinelOne class action lawsuit alleges that the company made false and/or misleading statements and/or failed to disclose that it lacked effective internal controls over accounting and financial reporting, resulting in overstated Annualized Recurring Revenue and guidance. On June 1, 2023, SentinelOne disclosed a one-time adjustment to ARR of $27.0 million and revised its fiscal year 2024 revenue guidance downward, causing the stock price to decline more than 35%. Investors who purchased or acquired SentinelOne securities during the Class Period may seek appointment as lead plaintiff.
