SentinelOne (NYSE:S) Upgraded to “Strong-Buy” by Wedbush

SentinelOne (NYSE:S) was upgraded by analysts at Wedbush to a “strong-buy” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other equities analysts have also weighed in on the company. Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research note on Monday, August 26th. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Susquehanna upped their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. Robert W. Baird lifted their target price on SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Stock Up 1.3 %

S opened at $26.36 on Thursday. The firm’s 50-day moving average price is $23.92 and its 200-day moving average price is $21.85. The company has a market cap of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76.

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

Insider Activity

In other news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 489,850 shares of company stock valued at $11,034,964. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently bought and sold shares of S. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC boosted 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 worth $41,000 after acquiring an additional 700 shares during the period. Advisors Asset Management Inc. increased its stake in SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the period. Archford Capital Strategies LLC increased its position in shares of SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after acquiring an additional 790 shares during the last quarter. Finally, Straight Path Wealth Management raised its position in shares of SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.