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

Shares of SentinelOne, Inc. (NYSE:S) have received a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.71.

S has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of SentinelOne from $31.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and lowered their price target for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. Barclays cut their price objective on SentinelOne from $27.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Morgan Stanley reduced their price objective on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. Finally, Sanford C. Bernstein raised their target price on SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $18.25, for a total transaction of $1,110,768.00. Following the completion of the transaction, the chief executive officer now owns 1,119,312 shares in the company, valued at $20,427,444. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction that occurred 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 sale, the insider now owns 5,025 shares of the company’s stock, valued at approximately $116,077.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $18.25, for a total transaction of $1,110,768.00. Following the completion of the transaction, the chief executive officer now directly owns 1,119,312 shares of the company’s stock, valued at $20,427,444. The disclosure for this sale can be found here. In the last three months, insiders have sold 507,065 shares of company stock valued at $10,055,772. Corporate 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. Newbridge Financial Services Group Inc. purchased a new position in shares of SentinelOne in the 4th quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new position in SentinelOne during the third quarter worth $38,000. Cary Street Partners Investment Advisory LLC bought a new position in SentinelOne during the third quarter valued at $55,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of SentinelOne in 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 purchasing an additional 743 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 1.9 %

S stock opened at $19.17 on Thursday. The stock has a market capitalization of $6.00 billion, a PE ratio of -18.79 and a beta of 0.59. The stock’s 50 day simple moving average is $20.08 and its 200 day simple moving average is $23.72. SentinelOne has a 12-month low of $13.87 and a 12-month high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business had revenue of $186.36 million for the quarter, compared to analysts’ expectations of $181.11 million. During the same period last year, the business earned ($0.35) earnings per share. The company’s quarterly revenue was up 39.7% on a year-over-year basis. On average, research analysts predict that SentinelOne will post -0.73 earnings per share 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.