SentinelOne (NYSE:S) Announces Earnings Results

SentinelOne (NYSE:S) released its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06, Briefing.com reports. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. The business had revenue of $149.42 million for the quarter, compared to the consensus estimate of $140.98 million. During the same quarter in the prior year, the business posted ($0.32) EPS. The business’s revenue for the quarter was up 45.8% on a year-over-year basis.

SentinelOne Trading Up 3.5 %

Shares of S opened at $17.21 on Friday. The stock’s 50 day moving average is $15.37 and its two-hundred day moving average is $16.11. SentinelOne has a twelve month low of $12.43 and a twelve month high of $29.44. The firm has a market capitalization of $5.03 billion, a PE ratio of -12.29 and a beta of 0.31.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 21,697 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $274,250.08. Following the transaction, the chief executive officer now directly owns 890,794 shares of the company’s stock, valued at approximately $11,259,636.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Tomer Weingarten sold 21,697 shares of SentinelOne stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $274,250.08. Following the completion of the sale, the chief executive officer now directly owns 890,794 shares in the company, valued at approximately $11,259,636.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 15,498 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total value of $195,894.72. Following the sale, the insider now directly owns 547,204 shares in the company, valued at approximately $6,916,658.56. The disclosure for this sale can be found here. Insiders have sold a total of 288,179 shares of company stock worth $4,294,152 over the last three months. 5.93% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

Large investors have recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in shares of SentinelOne during the 1st quarter worth approximately $206,000. Sherbrooke Park Advisers LLC acquired a new stake in SentinelOne during the 2nd quarter valued at $180,000. First Republic Investment Management Inc. increased its position in SentinelOne by 10.7% during the fourth quarter. First Republic Investment Management Inc. now owns 11,671 shares of the company’s stock worth $170,000 after buying an additional 1,129 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of SentinelOne by 579.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,659 shares of the company’s stock worth $131,000 after acquiring an additional 7,384 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its position in shares of SentinelOne by 27.4% in the fourth quarter. Money Concepts Capital Corp now owns 7,785 shares of the company’s stock valued at $114,000 after acquiring an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Westpark Capital lowered shares of SentinelOne from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Canaccord Genuity Group reissued a “hold” rating and issued a $17.00 price target on shares of SentinelOne in a research report on Friday. KeyCorp initiated coverage on shares of SentinelOne in a research note on Wednesday, June 14th. They issued a “sector weight” rating for the company. Loop Capital cut their target price on SentinelOne from $25.00 to $20.00 in a research report on Friday, June 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $22.00 target price on shares of SentinelOne in a research report on Friday. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, SentinelOne has an average rating of “Hold” and an average price target of $20.50.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.