SentinelOne (NYSE:S) Earns “Buy” Rating from Needham & Company LLC

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $32.00 target price on the stock. Needham & Company LLC’s target price suggests a potential upside of 24.13% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. BTIG Research raised their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Sanford C. Bernstein reduced their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Barclays lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Susquehanna upped their price objective on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

SentinelOne Stock Up 3.6 %

NYSE:S opened at $25.78 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of -27.43 and a beta of 0.67. The stock’s 50 day moving average price is $26.31 and its two-hundred day moving average price is $23.15.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. As a group, analysts anticipate that SentinelOne will post -0.73 earnings per share for the current year.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 11,222 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total transaction of $240,150.80. Following the sale, the chief financial officer now directly owns 477,781 shares in the company, valued at $10,224,513.40. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,754 shares of company stock valued at $8,532,505. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Sylebra Capital LLC increased its holdings in shares of SentinelOne by 33.7% during the third 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 in the last quarter. Eminence Capital LP increased its holdings in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares in the last quarter. State Street Corp raised its position in SentinelOne by 11.3% in 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 last quarter. Geode Capital Management LLC boosted its stake in shares of 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 in the last quarter. Finally, Atreides Management LP grew its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. Institutional investors and hedge funds 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.