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

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

SentinelOne Price Performance

S stock traded down $0.01 during trading on Thursday, reaching $16.95. 9,878,900 shares of the company were exchanged, compared to its average volume of 5,831,261. SentinelOne has a twelve month low of $15.17 and a twelve month high of $26.64. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of -12.84 and a beta of 0.76. The company has a 50-day moving average of $17.03 and a two-hundred day moving average of $17.71.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of SentinelOne in a research report on Tuesday, September 16th. DA Davidson raised their target price on shares of SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Berenberg Bank began coverage on SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. Scotiabank upped their price objective on SentinelOne from $18.00 to $21.00 and gave the company a “sector perform” rating in a research note on Friday, August 29th. Finally, Robert W. Baird lifted their target price on SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.81.

Insider Activity

In other news, insider Ric Smith sold 24,515 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $458,185.35. Following the completion of the sale, the insider directly owned 951,541 shares in the company, valued at $17,784,301.29. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 162,794 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,298,982 shares in the company, valued at approximately $23,875,289.16. This trade represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised 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 buying an additional 726 shares during the last quarter. Danske Bank A S purchased a new stake in shares of SentinelOne in the third quarter valued at about $26,000. Daiwa Securities Group Inc. lifted its position in shares of SentinelOne by 25.2% during 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 lifted 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 boosted its holdings in SentinelOne by 38.0% during 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 last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.