SentinelOne (NYSE:S) Receives New Coverage from Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of SentinelOne (NYSE:S) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $32.00 target price on the stock.

S has been the topic of a number of other reports. Citigroup increased their price target on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their price target on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. DA Davidson upped their price objective on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Sanford C. Bernstein reduced their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Stock Up 1.3 %

S opened at $26.36 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The company has a fifty day moving average of $23.92 and a 200-day moving average of $21.85. The stock has a market cap of $8.25 billion, a PE ratio of -25.84 and a beta of 0.67.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the company posted ($0.26) EPS. Sell-side analysts anticipate that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $208,992.40. Following the completion of the transaction, the chief executive officer now owns 1,109,147 shares in the company, valued at $22,804,062.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ric Smith sold 23,567 shares of SentinelOne stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the sale, the insider now owns 585,647 shares of the company’s stock, valued at approximately $12,819,812.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $208,992.40. Following the completion of the transaction, the chief executive officer now owns 1,109,147 shares in the company, valued at approximately $22,804,062.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 489,850 shares of company stock worth $11,034,964 in the last 90 days. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several hedge funds have recently made changes to their positions in S. Allspring Global Investments Holdings LLC raised its position in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC lifted its position in shares of SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares during the period. Archford Capital Strategies LLC grew its position in shares of SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management raised its stake in shares of SentinelOne by 4.9% during the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 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.