SentinelOne (NYSE:S) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

SentinelOne (NYSE:S) posted its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02, FiscalAI reports. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. The firm had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the business posted ($0.25) earnings per share. SentinelOne’s quarterly revenue was up 22.9% on a year-over-year basis.

SentinelOne Price Performance

Shares of S opened at $14.55 on Friday. The firm has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $17.67. The stock has a market cap of $4.85 billion, a PE ratio of -11.64 and a beta of 0.76. SentinelOne has a 1-year low of $14.48 and a 1-year high of $26.00.

Insider Activity

In related news, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares in the company, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robin Tomasello sold 8,508 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $159,014.52. Following the transaction, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. This trade represents a 2.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 481,090 shares of company stock worth $8,637,206 in the last three months. 4.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently bought and sold shares of S. Allworth Financial LP grew its position in SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Danske Bank A S purchased a new position in shares of SentinelOne in the third quarter valued at approximately $26,000. Daiwa Securities Group Inc. grew its holdings in shares of SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after purchasing an additional 692 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in SentinelOne by 540.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after buying an additional 3,593 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in SentinelOne by 38.0% during the 3rd quarter. NewEdge Advisors LLC now owns 6,129 shares of the company’s stock worth $108,000 after buying an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

S has been the topic of several recent research reports. Cantor Fitzgerald lowered their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. Sanford C. Bernstein lifted their price objective on SentinelOne from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Piper Sandler dropped their target price on SentinelOne from $28.00 to $20.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley cut their target price on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, New Street Research set a $23.00 price target on shares of SentinelOne in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.