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

SentinelOne, Inc. (NYSE:S) has been given a consensus rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.87.

Several brokerages recently issued reports on S. Scotiabank decreased their price target on shares of SentinelOne from $25.00 to $18.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. Westpark Capital decreased their target price on shares of SentinelOne from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley lowered their target price on shares of SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Baird R W upgraded SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Susquehanna lowered their price objective on SentinelOne from $35.00 to $22.00 and set a “positive” rating for the company in a research note on Friday, May 31st.

SentinelOne Stock Performance

S stock opened at $23.03 on Monday. SentinelOne has a fifty-two week low of $13.87 and a fifty-two week high of $30.76. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -22.58 and a beta of 0.66. The business’s 50 day moving average price is $20.02 and its two-hundred day moving average price is $22.98.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. SentinelOne’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share. Sell-side analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the sale, the insider now owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now owns 639,834 shares in the company, valued at approximately $15,061,692.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $21.83, for a total transaction of $1,328,661.12. Following the sale, the chief executive officer now owns 1,119,312 shares of the company’s stock, valued at $24,434,580.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 639,582 shares of company stock valued at $12,655,659. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Allspring Global Investments Holdings LLC boosted its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of SentinelOne by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 1,642,664 shares of the company’s stock worth $34,578,000 after buying an additional 247,840 shares in the last quarter. EFG Asset Management North America Corp. boosted its position in shares of SentinelOne by 47.2% during the second quarter. EFG Asset Management North America Corp. now owns 54,345 shares of the company’s stock worth $1,145,000 after acquiring an additional 17,432 shares during the last quarter. Unique Wealth Strategies LLC purchased a new position in SentinelOne during the second quarter valued at $49,000. Finally, Liberty One Investment Management LLC increased its holdings in SentinelOne by 23.2% in the 2nd quarter. Liberty One Investment Management LLC now owns 8,912 shares of the company’s stock valued at $188,000 after acquiring an additional 1,678 shares during 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.