SentinelOne Earnings Raise Investor Concerns – SentinelOne (NYSE:S)

SentinelOne (NYSE:S) saw its shares fall Friday afternoon after reporting mixed first-quarter financial results.

What to know: SentinelOne reported a quarterly loss of 23 cents per share, missing the analyst consensus estimate of a loss of 5 cents by 360%. However, the company reported quarterly sales of $186.4 million, which was 2.93% ahead of analysts’ consensus estimates of $181.09 million.

Related Link: SentinelOne Reports Mixed Q1 Results: No EPS, Record Sales

Following the earnings announcement, several notable analysts revised their price targets for SentinelOne:

• B from securities: Analyst Tal Liani maintained its Buy rating but lowered its price target from $35 to $29.
• Morgan Stanley: Analyst Hamza Fodderwala maintained its Overweight rating but lowered its price target from $29 to $25.
• IMPORTANT: Analyst Gray Powell maintained its Buy rating while lowering its price target from $30 to $23.
• Susquehanna: Analyst Shyam Patil maintained a positive rating but lowered the price target from $35 to $22.
• JMP securities: Analyst Trevor Walsh reaffirmed its Market Outperform rating and maintained its target price at USD 33.
• Wells Fargo: Analyst Andrzej Nowiński maintained an equal weight rating but lowered the price target from $26 to $19.
• JP Morgan: Analyst Brian Essex maintained its Overweight rating but lowered its price target from $31 to $25.
• Barclays: Analyst Saket Kalia maintained its Equal-Weight rating and lowered its price target from $27 to $22.

SentinelOne’s mixed first-quarter earnings report sparked mixed reactions among analysts, with many lowering their price targets while maintaining their ratings.

S price action: SentinelOne shares fell 13.9% to $16.72, according to Benzinga Pro.

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