SentinelOne (NYSE:S) Lifted to “Strong-Buy” at Wedbush

Wedbush upgraded shares of SentinelOne (NYSE:S) to a strong-buy rating in a research note issued to investors on Thursday, Zacks.com reports.

Other equities analysts also recently issued reports about the company. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Citigroup boosted their price objective on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of SentinelOne in a research report on Tuesday, June 25th. Finally, Baird R W upgraded SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Stock Up 1.3 %

Shares of S stock opened at $26.36 on Thursday. The business has a 50 day moving average of $23.92 and a two-hundred day moving average of $21.85. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market cap of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67.

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

Insider Activity

In related news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other SentinelOne news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 489,850 shares of company stock worth $11,034,964 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of SentinelOne during the second quarter valued at about $36,237,000. Vanguard Group Inc. raised its position in shares of SentinelOne by 7.2% during the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares during the last quarter. Eminence Capital LP raised its position in shares of SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares during the last quarter. AXA S.A. acquired a new position in shares of SentinelOne during the second quarter valued at about $20,082,000. Finally, Sylebra Capital LLC raised its position in shares of SentinelOne by 15.9% during the first quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after buying an additional 838,818 shares during the last quarter. Institutional investors and hedge funds 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.