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

SentinelOne (NYSE:S) posted its quarterly earnings results on Thursday. The company reported $0.07 EPS for the quarter, topping 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 company 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. 9,878,900 shares of the stock traded hands, compared to its average volume of 5,831,261. The stock has a market capitalization of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76. SentinelOne has a one year low of $15.17 and a one year high of $26.64. The business’s 50 day moving average is $17.03 and its two-hundred day moving average is $17.71.

Insider Activity at SentinelOne

In other news, CFO Barbara A. Larson sold 54,583 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the transaction, the chief financial officer directly owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 162,794 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $18.38, for a total value of $2,992,153.72. Following the completion of the sale, the chief executive officer directly owned 1,298,982 shares of the company’s stock, valued at $23,875,289.16. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 481,090 shares of company stock worth $8,637,206 over the last 90 days. 4.33% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares during the period. Danske Bank A S purchased a new position in shares of SentinelOne in the 3rd quarter valued at approximately $26,000. Daiwa Securities Group Inc. lifted its stake in shares of SentinelOne by 25.2% in 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. EverSource Wealth Advisors LLC boosted its position in shares of SentinelOne by 540.3% during the second 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 in the last quarter. Finally, NewEdge Advisors LLC grew its stake in SentinelOne by 38.0% in the third quarter. NewEdge Advisors LLC now owns 6,129 shares of the company’s stock worth $108,000 after purchasing an additional 1,688 shares during the period. 90.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on S. JMP Securities reissued a “market outperform” rating and issued a $29.00 target price on shares of SentinelOne in a research report on Tuesday, September 9th. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a research note on Tuesday. BTIG Research reaffirmed a “neutral” rating on shares of SentinelOne in a report on Monday, August 25th. Sanford C. Bernstein raised their price objective on SentinelOne from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Needham & Company LLC increased their price target on shares of SentinelOne from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.81.

About SentinelOne

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.