SentinelOne (NYSE:S) Releases Earnings Results

SentinelOne (NYSE:S) posted its earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22), Zacks reports. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same period in the previous year, the business posted ($0.21) EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis.

SentinelOne Trading Up 4.0 %

Shares of S stock opened at $28.67 on Thursday. The firm has a fifty day moving average price of $26.25 and a 200 day moving average price of $23.12. The company has a market cap of $9.09 billion, a P/E ratio of -30.82 and a beta of 0.67. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on S shares. Morgan Stanley reiterated an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Needham & Company LLC began coverage on SentinelOne in a research report on Thursday, October 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Citigroup boosted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, Loop Capital boosted their target price on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.04.

Insider Buying and Selling at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the transaction, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at $4,412,757.60. This represents a 2.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $253,011.60. Following the completion of the transaction, the insider now directly owns 438,363 shares of the company’s stock, valued at approximately $9,994,676.40. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,541 shares of company stock worth $10,032,448 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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.