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

Guggenheim reiterated their buy rating on shares of SentinelOne (NYSE:S) in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $23.00 target price on the stock.

A number of other analysts have also issued reports on the company. Susquehanna lowered their price target on SentinelOne from $35.00 to $22.00 and set a positive rating for the company in a report on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a hold rating to a buy rating and lowered their target price for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. JMP Securities restated a market outperform rating and set a $33.00 target price on shares of SentinelOne in a report on Friday, May 31st. Wedbush upped their target price on SentinelOne from $28.00 to $32.00 and gave the stock an overweight rating in a report on Thursday, March 14th. Finally, Scotiabank lowered their target price on SentinelOne from $25.00 to $18.00 and set a sector perform rating for the company in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $24.71.

SentinelOne Stock Performance

Shares of NYSE S opened at $18.82 on Tuesday. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -18.45 and a beta of 0.59. The stock has a 50 day moving average price of $20.11 and a 200 day moving average price of $23.75. SentinelOne has a 52-week low of $13.87 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.35) EPS. Analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.10, for a total value of $197,874.60. Following the transaction, the insider now directly owns 5,025 shares of the company’s stock, valued at approximately $116,077.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the sale, the insider now directly owns 5,025 shares of the company’s stock, valued at approximately $116,077.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $55,935.06. Following the sale, the chief financial officer now directly owns 532,380 shares in the company, valued at $11,318,398.80. The disclosure for this sale can be found here. Insiders have sold a total of 507,065 shares of company stock valued at $10,055,772 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Newbridge Financial Services Group Inc. purchased a new stake in shares of SentinelOne during the 4th quarter worth about $30,000. Acadian Asset Management LLC purchased a new stake in shares of SentinelOne during the 3rd quarter worth about $38,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of SentinelOne during the 3rd quarter worth about $55,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of SentinelOne during the 1st quarter worth about $80,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.