SentinelOne stock soars almost 20% on report of possible sale

SentinelOne Inc.
S,
+16.34%
shares rallied Monday following a report that the cybersecurity company was considering putting itself up for sale. On Monday, Reuters reported the cybersecurity company was exploring a sale, citing people familiar with the matter. SentinelOne shares surged 19% to an intraday high of $17.19, after trading as low as $14.56 on the session. Shares are currently up 12% year to date, compared with a 14% gain on the S&P 500 index
SPX,
+0.76%.
Reuters said SentinelOne hired investment bank Qatalyst Partners to advise on potential deals from other companies, or private equity firms, according to their sources.