SentinelOne (NYSE:S) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of SentinelOne (NYSE:S) from a neutral rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. Piper Sandler currently has $32.00 price objective on the stock, up from their previous price objective of $25.00.

Other equities research analysts also recently issued research reports about the stock. Scotiabank raised their price target on shares of SentinelOne from $18.00 to $25.00 and gave the company a sector perform rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an overweight rating in a report on Wednesday, August 28th. Wedbush raised their target price on shares of SentinelOne from $20.00 to $30.00 and gave the stock an outperform rating in a report on Monday, August 26th. Needham & Company LLC raised their target price on shares of SentinelOne from $25.00 to $29.00 and gave the stock a buy rating in a report on Monday, August 26th. Finally, Westpark Capital reiterated a buy rating and set a $34.00 price target on shares of SentinelOne in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $28.00.

SentinelOne Stock Up 2.7 %

Shares of S opened at $26.42 on Monday. The company has a market capitalization of $8.26 billion, a P/E ratio of -25.90 and a beta of 0.67. The firm has a 50 day moving average of $23.53 and a 200 day moving average of $21.75. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, sell-side analysts expect that SentinelOne will post -0.73 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 550,714 shares of company stock worth $12,285,111. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne during the 2nd quarter worth about $36,237,000. Vanguard Group Inc. boosted its stake in shares of SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares during the period. Eminence Capital LP boosted its stake in shares of SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the period. AXA S.A. purchased a new position in shares of SentinelOne during the 2nd quarter worth about $20,082,000. Finally, Sylebra Capital LLC boosted its stake in shares of SentinelOne by 15.9% during the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock worth $142,724,000 after purchasing an additional 838,818 shares during the period. 90.87% of the stock is currently owned by institutional investors.

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.