SentinelOne (NYSE:S) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of SentinelOne (NYSE:S) in a research report released on Thursday morning, MarketBeat reports. The firm issued an overweight rating and a $30.00 price objective on the stock.

Several other equities research analysts have also recently commented on S. Barclays lowered their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Westpark Capital reissued a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Guggenheim reaffirmed a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.46.

SentinelOne Trading Down 0.2 %

NYSE S opened at $22.46 on Thursday. The stock’s 50-day moving average price is $25.10 and its two-hundred day moving average price is $23.88. The company has a market cap of $7.22 billion, a PE ratio of -23.89 and a beta of 0.74. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last released its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period last year, the firm earned ($0.21) EPS. The company’s revenue was up 28.3% compared to the same quarter last year. Research analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,135 shares of company stock valued at $8,757,911. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

Institutional investors have recently modified their holdings of the stock. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne in the third quarter valued at about $26,000. Modus Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $48,000. Capital Performance Advisors LLP bought a new position in shares of SentinelOne in the third quarter valued at approximately $55,000. Blue Trust Inc. lifted its holdings in shares of SentinelOne by 105.9% in the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in SentinelOne by 287.9% during the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,765 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.