SentinelOne (NYSE:S) Now Covered by Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald assumed coverage on shares of SentinelOne (NYSE:S) in a report issued on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $30.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 33.04% from the company’s previous close.

Several other brokerages also recently issued reports on S. The Goldman Sachs Group reissued a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Guggenheim reissued a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.46.

SentinelOne Trading Up 0.3 %

S stock traded up $0.07 during trading on Thursday, hitting $22.55. The company had a trading volume of 3,781,914 shares, compared to its average volume of 3,964,865. The company has a market cap of $7.25 billion, a P/E ratio of -23.99 and a beta of 0.74. The company has a fifty day moving average price of $25.24 and a two-hundred day moving average price of $23.83. 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 results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share. On average, analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the transaction, the insider now owns 585,647 shares in the company, valued at approximately $15,390,803.16. This represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 358,135 shares of company stock worth $8,757,911. 5.60% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of S. Sylebra Capital LLC grew its position in 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 purchasing an additional 2,282,980 shares in the last quarter. Eminence Capital LP boosted its stake in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the last quarter. State Street Corp raised its stake in SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after acquiring an additional 516,244 shares during the period. Geode Capital Management LLC boosted its holdings in SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after buying an additional 355,944 shares during the period. Finally, Atreides Management LP raised its holdings in SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares during the period. 90.87% of the stock is 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.