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

SentinelOne, Inc. (NYSE:S) has been given an average recommendation of “Moderate Buy” by the twenty-seven analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $29.46.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. JPMorgan Chase & Co. upped 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. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Sanford C. Bernstein lowered their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares of the company’s stock, valued at $22,658,092.02. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were 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 of the company’s stock, valued at $15,390,803.16. This represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock valued at $8,757,911 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently bought and sold shares of the business. Sylebra Capital LLC boosted its holdings in 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. Eminence Capital LP boosted its stake in shares of 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 during the period. State Street Corp grew its holdings in shares of SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after purchasing an additional 516,244 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of SentinelOne by 8.6% in the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after purchasing an additional 355,944 shares during the last quarter. Finally, Atreides Management LP increased its stake in 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 buying an additional 2,200,594 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

S opened at $22.46 on Monday. The firm has a market cap of $7.22 billion, a PE ratio of -23.89 and a beta of 0.74. The stock has a 50-day moving average price of $25.10 and a 200-day moving average price of $23.91. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last issued 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). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period last year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, sell-side analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

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.