SentinelOne (NYSE:S) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• SentinelOne beat quarterly earnings expectations: The cybersecurity company reported adjusted EPS of $0.08 versus the $0.07 consensus estimate, while revenue reached $291.98 million, slightly above forecasts of $290.24 million.
• Shares rose 11.1% to $22.79 following the results, bringing SentinelOne’s market capitalization to approximately $7.81 billion. Despite the rally, the company reported a negative net margin of 30.39% and a negative return on equity of 15.35%.
• Analyst sentiment remains favorable: Eighteen analysts rate the stock a Buy, compared with ten Holds and one Sell, giving SentinelOne a consensus “Moderate Buy” rating and an average price target of $21.07.

SentinelOne (NYSE:S - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01, FiscalAI reports. The business had revenue of $291.98 million for the quarter, compared to analysts' expectations of $290.24 million. SentinelOne had a negative net margin of 30.39% and a negative return on equity of 15.35%.

SentinelOne Trading Up 11.1%

Shares of S traded up $2.28 on Thursday, reaching $22.79. 17,130,969 shares of the company's stock traded hands, compared to its average volume of 7,945,839. The stock has a market cap of $7.81 billion, a PE ratio of -23.74 and a beta of 0.79. The stock's 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $16.19. SentinelOne has a 52-week low of $11.81 and a 52-week high of $23.95.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, COO Barry L. Padgett sold 9,778 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.09, for a total value of $196,440.02. Following the transaction, the chief operating officer owned 977,430 shares of the company's stock, valued at approximately $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ana G. Pinczuk sold 6,230 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total value of $125,160.70. Following the completion of the transaction, the insider owned 737,716 shares of the company's stock, valued at $14,820,714.44. This trade represents a 0.84% 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. Insiders sold a total of 423,705 shares of company stock valued at $7,369,527 in the last ninety days. 4.27% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in shares of SentinelOne during the 4th quarter valued at $142,000. Kestra Advisory Services LLC bought a new stake in SentinelOne in the 4th quarter valued at about $125,000. Litman Gregory Wealth Management LLC purchased a new stake in SentinelOne during the fourth quarter valued at about $101,000. DSM Capital Partners LLC purchased a new stake in SentinelOne during the fourth quarter valued at about $154,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of SentinelOne in the fourth quarter valued at approximately $153,000. Hedge funds and other institutional investors own 90.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on S shares. Rosenblatt Securities reissued a "buy" rating and issued a $20.00 price objective on shares of SentinelOne in a research note on Wednesday, July 1st. Wedbush reiterated an "outperform" rating and set a $20.00 price target on shares of SentinelOne in a report on Friday, May 29th. Cantor Fitzgerald increased their price target on SentinelOne from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, August 20th. UBS Group raised their price objective on SentinelOne from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, May 29th. Finally, TD Cowen lifted their price objective on shares of SentinelOne from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Eighteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued 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 $21.07.

SentinelOne Company Profile

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.

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