SentinelOne S witnessed a decline in its shares Friday afternoon following the release of its mixed first-quarter financial results.
What To Know: SentinelOne reported quarterly losses of 23 cents per share, significantly missing the analyst consensus estimate of losses of 5 cents by 360%. However, the company posted quarterly sales of $186.4 million, surpassing the analyst consensus estimate of $181.09 million by 2.93%.
Related Link: SentinelOne Reports Mixed Q1 Results: EPS Miss, Sales Beat
Post the earnings announcement, several notable analysts revised their price targets for SentinelOne:
- B of A Securities: Analyst Tal Liani maintained a Buy rating but lowered the price target from $35 to $29.
- Morgan Stanley: Analyst Hamza Fodderwala maintained an Overweight rating but reduced the price target from $29 to $25.
- BTIG: Analyst Gray Powell maintained a Buy rating while lowering the price target from $30 to $23.
- Susquehanna: Analyst Shyam Patil maintained a Positive rating but decreased the price target from $35 to $22.
- JMP Securities: Analyst Trevor Walsh reiterated a Market Outperform rating and maintained the price target at $33.
- Wells Fargo: Analyst Andrew Nowinski maintained an Equal-Weight rating but lowered the price target from $26 to $19.
- JP Morgan: Analyst Brian Essex maintained an Overweight rating but decreased the price target from $31 to $25.
- Barclays: Analyst Saket Kalia maintained an Equal-Weight rating and lowered the price target from $27 to $22.
SentinelOne’s mixed first-quarter earnings report led to varied reactions among analysts, with many adjusting their price targets downward while maintaining their ratings.
S Price Action: SentinelOne shares were down by 13.9% at $16.72 according to Benzinga Pro.
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See Also: What’s Going On With Ulta Beauty Stock Friday?
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