SentinelOne’s (S) “Buy” Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of SentinelOne (NYSE:S) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $31.00 target price on the stock.

Several other equities analysts have also recently issued reports on S. Barclays boosted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Citigroup upped their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Canaccord Genuity Group restated a “buy” rating and set a $30.00 price target on shares of SentinelOne in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.42.

SentinelOne Stock Up 3.6 %

Shares of SentinelOne stock opened at $25.78 on Thursday. The company’s fifty day simple moving average is $26.31 and its two-hundred day simple moving average is $23.16. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The firm has a market cap of $8.18 billion, a PE ratio of -27.43 and a beta of 0.67.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.86% and a negative net margin of 37.61%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) earnings per share. As a group, sell-side analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction that occurred 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 completion of the sale, the insider now owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 351,754 shares of company stock worth $8,532,505 over the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

Hedge funds have recently bought and sold shares of the company. Champlain Investment Partners LLC bought a new position in SentinelOne in the third quarter worth approximately $80,604,000. Sylebra Capital LLC grew its position in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after acquiring an additional 2,282,980 shares during the period. Atreides Management LP increased 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 worth $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in SentinelOne in the 2nd quarter worth $36,237,000. Finally, Eminence Capital LP lifted its position in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.