SentinelOne (NYSE:S) Shares Gap Up – Still a Buy?

SentinelOne, Inc. (NYSE:S) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.88, but opened at $28.44. SentinelOne shares last traded at $27.91, with a volume of 776,477 shares.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Sanford C. Bernstein lowered their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. DA Davidson boosted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. Finally, BTIG Research upped their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Trading Up 0.5 %

The company has a 50 day simple moving average of $25.83 and a 200 day simple moving average of $22.87. The stock has a market capitalization of $8.90 billion, a PE ratio of -30.18 and a beta of 0.65.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) EPS. On average, equities research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other news, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the transaction, the chief financial officer now directly owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock valued at $10,367,734 in the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake 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 buying an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake 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 in the last quarter. Advisors Asset Management Inc. increased its stake in SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares in the last quarter. Archford Capital Strategies LLC increased its stake in SentinelOne by 1.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock valued at $553,000 after purchasing an additional 898 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.