SentinelOne (S) to Release Quarterly Earnings on Wednesday

SentinelOne (NYSE:SGet Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, June 1st. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. SentinelOne has set its FY 2023 guidance at EPS and its Q1 2023 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

SentinelOne (NYSE:SGet Rating) last posted its earnings results on Tuesday, March 15th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.01. SentinelOne had a negative net margin of 132.37% and a negative return on equity of 22.36%. The business had revenue of $65.60 million for the quarter, compared to the consensus estimate of $60.69 million. During the same quarter last year, the firm posted ($1.00) EPS. The company’s revenue for the quarter was up 119.4% on a year-over-year basis. On average, analysts expect SentinelOne to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of SentinelOne stock opened at $22.09 on Wednesday. The stock has a 50 day moving average price of $33.17. SentinelOne has a 52-week low of $18.64 and a 52-week high of $78.53.

In other news, CEO Tomer Weingarten sold 10,131 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $28.61, for a total value of $289,847.91. Following the completion of the sale, the chief executive officer now directly owns 309,163 shares in the company, valued at approximately $8,845,153.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 3,377 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $28.61, for a total value of $96,615.97. Following the transaction, the chief financial officer now owns 103,455 shares of the company’s stock, valued at $2,959,847.55. The disclosure for this sale can be found here. Insiders have sold a total of 1,576,545 shares of company stock worth $55,009,239 over the last three months. 0.39% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Toroso Investments LLC acquired a new position in SentinelOne during the first quarter valued at $230,000. Capital Research Global Investors increased its holdings in shares of SentinelOne by 57.6% during the 1st quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock valued at $247,088,000 after acquiring an additional 2,331,873 shares during the last quarter. Capital International Investors increased its holdings in shares of SentinelOne by 24.8% during the 1st quarter. Capital International Investors now owns 2,529,401 shares of the company’s stock valued at $97,989,000 after acquiring an additional 502,277 shares during the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in SentinelOne by 67.3% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 83,262 shares of the company’s stock valued at $3,226,000 after purchasing an additional 33,506 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in SentinelOne during the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 69.51% of the company’s stock.

Several analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of SentinelOne from $38.00 to $30.00 and set a “na” rating for the company in a research note on Monday, May 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of SentinelOne from $63.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. BTIG Research cut their price target on shares of SentinelOne from $78.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, March 16th. Piper Sandler dropped their price objective on shares of SentinelOne from $50.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. Finally, Morgan Stanley dropped their price objective on shares of SentinelOne from $55.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of “Buy” and an average target price of $43.88.

SentinelOne Company Profile (Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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