SentinelOne (NYSE:S) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

SentinelOne (NYSE:S) issued its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, FiscalAI reports. The business had revenue of $271.15 million during the quarter, compared to analysts’ expectations of $271.18 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.

SentinelOne Stock Performance

SentinelOne stock traded down $0.35 on Thursday, reaching $13.81. The company’s stock had a trading volume of 12,276,187 shares, compared to its average volume of 8,235,600. SentinelOne has a twelve month low of $12.23 and a twelve month high of $21.40. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -11.05 and a beta of 0.77. The business’s fifty day moving average price is $13.95 and its 200 day moving average price is $15.84.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 11,173 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares of the company’s stock, valued at approximately $7,993,493.04. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ana G. Pinczuk sold 11,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the transaction, the insider owned 560,589 shares in the company, valued at $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 203,034 shares of company stock worth $2,869,591 over the last quarter. Corporate insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the last quarter. Danske Bank A S acquired a new stake in SentinelOne in the third quarter worth about $26,000. EFG International AG bought a new stake in SentinelOne during the 4th quarter worth about $41,000. Daiwa Securities Group Inc. lifted its position in SentinelOne by 25.2% during the 2nd 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 during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of SentinelOne by 540.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock valued at $78,000 after purchasing an additional 3,593 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on S. Morgan Stanley lowered their price target on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. Wedbush cut their price objective on SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, December 5th. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Finally, Berenberg Bank began coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $21.05.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.