SentinelOne (NYSE:S) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

SentinelOne (NYSE:S) issued its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02, FiscalAI reports. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The firm had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million.

SentinelOne Stock Down 0.1%

Shares of NYSE:S traded down $0.01 during midday trading on Thursday, hitting $16.95. The stock had a trading volume of 11,005,465 shares, compared to its average volume of 5,848,126. The company has a market cap of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76. The business’s 50-day simple moving average is $17.03 and its 200-day simple moving average is $17.71. SentinelOne has a 12 month low of $15.17 and a 12 month high of $26.64.

Insider Activity

In related news, insider Keenan Michael Conder sold 11,098 shares of SentinelOne stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $207,421.62. Following the completion of the sale, the insider owned 579,407 shares of the company’s stock, valued at approximately $10,829,116.83. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 24,515 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $458,185.35. Following the transaction, the insider owned 951,541 shares in the company, valued at approximately $17,784,301.29. This trade represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently bought and sold shares of the company. Diversify Advisory Services LLC bought a new position in SentinelOne during the 2nd quarter worth approximately $267,000. Jump Financial LLC acquired a new stake in shares of SentinelOne during the second quarter worth $399,000. Flow Traders U.S. LLC bought a new position in SentinelOne during the second quarter worth $341,000. Prudential Financial Inc. lifted its holdings in SentinelOne by 28.4% in the second quarter. Prudential Financial Inc. now owns 21,141 shares of the company’s stock valued at $386,000 after buying an additional 4,680 shares during the period. Finally, Focus Partners Wealth bought a new stake in SentinelOne during the first quarter valued at $346,000. 90.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on S shares. Jefferies Financial Group raised their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Citigroup reiterated a “neutral” rating on shares of SentinelOne in a report on Tuesday, September 16th. Berenberg Bank began coverage on SentinelOne in a research note on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley reissued a “positive” rating on shares of SentinelOne in a research note on Tuesday, September 2nd. Finally, Cantor Fitzgerald decreased their price target on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.81.

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.