SentinelOne, Inc. (NYSE:S) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of SentinelOne, Inc. (NYSE:S) have received an average rating of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.42.

S has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Barclays reduced their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Scotiabank raised their target price on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Friday, September 13th.

SentinelOne Stock Performance

Shares of NYSE:S opened at $22.05 on Thursday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of -23.46 and a beta of 0.67. The business has a 50-day simple moving average of $26.30 and a two-hundred day simple moving average of $23.33. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. This trade represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $24,345,019.74. The trade was a 5.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 418,999 shares of company stock valued at $10,373,693. 5.60% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of large investors have recently added to or reduced their stakes in the company. Sylebra Capital LLC increased its holdings in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Eminence Capital LP grew its position in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. State Street Corp raised its position in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after purchasing an additional 516,244 shares during the period. Geode Capital Management LLC raised its position in SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares during the period. Finally, Atreides Management LP lifted its stake in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. 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.