SentinelOne (NYSE:S) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a research report released on Thursday, MarketBeat.com reports. The firm currently has $30.00 price objective on the stock, up from their prior price objective of $27.00.

A number of other analysts have also recently commented on S. Wells Fargo & Company upped their price target on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. DA Davidson upped their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays reduced their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $25.00 to $32.00 in a research report on Tuesday, November 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 target price on shares of SentinelOne in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.44.

SentinelOne Stock Performance

S opened at $22.43 on Thursday. The company has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $23.36. The firm has a market capitalization of $7.21 billion, a PE ratio of -23.86 and a beta of 0.67. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly 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). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. Equities analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $23.42, for a total value of $1,425,434.88. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at $24,345,019.74. This trade represents a 5.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the transaction, the insider now owns 585,647 shares in the company, valued at $14,172,657.40. This represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock valued at $10,373,693 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new stake in SentinelOne during the 2nd quarter valued at $27,000. Raymond James & Associates lifted its stake in shares of SentinelOne by 22.6% during the 2nd quarter. Raymond James & Associates now owns 308,226 shares of the company’s stock worth $6,488,000 after buying an additional 56,888 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of SentinelOne by 47.2% during the 2nd quarter. EFG Asset Management North America Corp. now owns 54,345 shares of the company’s stock worth $1,145,000 after buying an additional 17,432 shares during the period. Bank of New York Mellon Corp grew its stake in SentinelOne by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,642,664 shares of the company’s stock valued at $34,578,000 after buying an additional 247,840 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

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.