SentinelOne, Inc. (NYSE:S) Given Average Rating of “Moderate Buy” by Brokerages

SentinelOne, Inc. (NYSE:S) has been given a consensus rating of “Moderate Buy” by the twenty-seven analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $28.73.

Several analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. JPMorgan Chase & Co. raised 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. Morgan Stanley boosted their target price on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Westpark Capital reissued a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a report on Monday, August 26th. Finally, Sanford C. Bernstein decreased their price target on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th.

SentinelOne Stock Up 1.5 %

Shares of S stock opened at $28.54 on Friday. The firm has a 50 day moving average of $25.67 and a two-hundred day moving average of $22.77. The stock has a market capitalization of $9.05 billion, a PE ratio of -30.69 and a beta of 0.65. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million for 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%. SentinelOne’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.26) EPS. Analysts expect that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,584 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $253,011.60. Following the completion of the sale, the insider now directly owns 438,363 shares of the company’s stock, valued at $9,994,676.40. This represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock worth $10,367,734 in the last three months. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in SentinelOne during the second quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its position in SentinelOne by 49.1% during the second 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 in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in SentinelOne by 56.0% in the second 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 position in shares of SentinelOne in the second quarter valued at $49,000. 90.87% of the stock is owned by institutional investors and hedge funds.

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.