After-hours movers: MongoDB, lululemon surge following results; SentinelOne, PagerDuty plunge

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Oppenheimer Reiterates Outperform Rating on Elastic NV. (ESTC), 'confident Elastic can re-accelerate growth in 2HFY24'

June 2, 2023 7:31 AM EDT

Oppenheimer analyst Ittai Kidron reiterated an Outperform rating and $80.00 price target on Elastic NV. (NYSE: ESTC).

The analyst comments "Elastic reported a mixed 4QFY23, beating consensus estimates and guiding below consensus for 1QFY24 revenue. Cloud optimizations and lower consumption continue to... More

BTIG Downgrades SentinelOne Inc (S) to Neutral, 'Too Hard to Defend'

June 2, 2023 5:54 AM EDT

BTIG analyst Gray Powell downgraded SentinelOne Inc (NYSE: S) from Buy to Neutral.

The analyst comments "Ss Q1/April print was disappointing on multiple levels and quite frankly hard to dissect. As a result, we are downgrading the stock to a Neutral from Buy. Most notably, S grew delivered ARR of $564MM / +75% y/y vs. our estimate of $591MM /+74% (Street $594MM). The $27MM shortfall relative to our model was entirely due to a... More