SentinelOne (NYSE:S) Shares Gap Up – Should You Buy?

Shares of SentinelOne, Inc. (NYSE:S) gapped up prior to trading on Tuesday . The stock had previously closed at $27.18, but opened at $27.94. SentinelOne shares last traded at $27.52, with a volume of 633,309 shares traded.

Analysts Set New Price Targets

Several research firms have commented on S. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $32.00 in a research note on Monday, October 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, September 13th. Scotiabank raised their price target on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Canaccord Genuity Group restated a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. Finally, Wells Fargo & Company boosted their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Trading Down 0.1 %

The stock has a market cap of $8.78 billion, a PE ratio of -29.76 and a beta of 0.65. The business has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $22.48.

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

Insider Activity at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $252,190.80. Following the completion of the transaction, the chief financial officer now owns 489,003 shares of the company’s stock, valued at approximately $11,149,268.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the transaction, the chief financial officer now directly owns 489,003 shares of the company’s stock, valued at $11,149,268.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 432,125 shares of company stock valued at $10,367,734 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC increased its holdings in SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after acquiring an additional 1,012 shares in the last quarter. BNP Paribas boosted its position in shares of SentinelOne by 244.4% in the third quarter. BNP Paribas now owns 82,684 shares of the company’s stock worth $1,978,000 after purchasing an additional 58,679 shares during the period. Bridgewater Associates LP increased its stake in shares of SentinelOne by 2,814.7% in the third quarter. Bridgewater Associates LP now owns 317,438 shares of the company’s stock worth $7,593,000 after purchasing an additional 306,547 shares in the last quarter. Thematics Asset Management bought a new stake in shares of SentinelOne during the 3rd quarter valued at $22,963,000. Finally, Millrace Asset Group Inc. purchased a new position in shares of SentinelOne during the 3rd quarter valued at $2,034,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.