SentinelOne (NYSE:S) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of SentinelOne (NYSE:S) in a research report released on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $30.00 target price on the stock.

Several other research analysts have also commented on S. Robert W. Baird boosted their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Sanford C. Bernstein cut their target price on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.46.

SentinelOne Price Performance

S opened at $22.46 on Thursday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of -23.89 and a beta of 0.74. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The firm’s fifty day moving average price is $25.10 and its two-hundred day moving average price is $23.88.

SentinelOne (NYSE:S) last announced its quarterly earnings results 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 the consensus estimate of $209.73 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, equities analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $266,831.25. Following the transaction, the chief executive officer now owns 1,029,332 shares in the company, valued at $27,019,965. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the transaction, the insider now owns 585,647 shares in the company, valued at $15,390,803.16. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 358,135 shares of company stock valued at $8,757,911 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Waldron Private Wealth LLC bought a new stake in SentinelOne in the 3rd quarter valued at $26,000. Modus Advisors LLC bought a new stake in SentinelOne in the 4th quarter valued at $48,000. Capital Performance Advisors LLP bought a new stake in SentinelOne in the 3rd quarter valued at $55,000. Blue Trust Inc. increased its holdings in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Huntington National Bank increased its holdings in SentinelOne by 287.9% in the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after acquiring an additional 1,765 shares during 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.