SentinelOne (NYSE:S) Releases Quarterly Earnings Results

SentinelOne (NYSE:S) released its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02, FiscalAI reports. SentinelOne had a negative return on equity of 15.04% and a negative net margin of 45.02%.

SentinelOne Stock Performance

NYSE:S traded up $0.01 during mid-day trading on Thursday, hitting $17.96. The stock had a trading volume of 23,647,184 shares, compared to its average volume of 8,191,450. The company’s 50 day simple moving average is $14.84 and its 200 day simple moving average is $14.74. SentinelOne has a twelve month low of $11.81 and a twelve month high of $21.40. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of -13.21 and a beta of 0.78.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ana G. Pinczuk sold 16,042 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.41, for a total transaction of $215,123.22. Following the completion of the sale, the insider owned 587,608 shares of the company’s stock, valued at $7,879,823.28. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Barry L. Padgett sold 15,460 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $13.41, for a total value of $207,318.60. Following the sale, the chief operating officer directly owned 628,190 shares of the company’s stock, valued at $8,424,027.90. This represents a 2.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 527,586 shares of company stock worth $7,638,793. 4.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently added to or reduced their stakes in S. Allworth Financial LP lifted its position in 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 during the third quarter worth approximately $26,000. EFG International AG acquired a new stake in SentinelOne during the fourth quarter worth approximately $41,000. Daiwa Securities Group Inc. lifted its position in SentinelOne by 25.2% during the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after acquiring an additional 692 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in SentinelOne by 540.3% during the second quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after acquiring an additional 3,593 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup reduced their price target on SentinelOne from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Cantor Fitzgerald increased their price objective on shares of SentinelOne from $18.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday. Scotiabank reduced their price objective on shares of SentinelOne from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of SentinelOne in a research note on Friday, March 13th. Finally, Oppenheimer increased their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

About SentinelOne

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.