SentinelOne, Inc. (NYSE:S) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have received a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.73.

Several research firms have commented on S. Needham & Company LLC began coverage on SentinelOne in a research report on Thursday, October 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Susquehanna increased their price target on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research report on Wednesday, August 28th. Morgan Stanley upped their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the sale, the insider now owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 38,607 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $880,239.60. Following the completion of the transaction, the chief executive officer now owns 1,060,749 shares of the company’s stock, valued at $24,185,077.20. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently modified their holdings of the business. Waldron Private Wealth LLC purchased a new stake in SentinelOne in the 3rd quarter valued at about $26,000. Blue Trust Inc. purchased a new position in shares of SentinelOne during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC boosted its position in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC increased its holdings in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in SentinelOne in the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Price Performance

S stock opened at $28.54 on Friday. The company has a market capitalization of $9.05 billion, a P/E ratio of -30.69 and a beta of 0.65. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The firm’s fifty day simple moving average is $25.67 and its 200-day simple moving average is $22.77.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.26) earnings per share. As a group, sell-side analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.