SentinelOne (NYSE:S) Stock Rating Reaffirmed by Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of SentinelOne (NYSE:S) in a report released on Friday, Benzinga reports. They currently have a $30.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Susquehanna boosted their price target on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. Needham & Company LLC initiated coverage on shares of SentinelOne in a research note on Thursday. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Guggenheim restated a “buy” rating and set a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average price target of $28.60.

SentinelOne Trading Up 1.3 %

NYSE S opened at $26.36 on Friday. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The stock’s fifty day moving average price is $23.92 and its 200-day moving average price is $21.85. The stock 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 business had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same period last year, the business posted ($0.26) EPS. The company’s revenue was up 33.1% compared to the same quarter last year. As a group, analysts forecast that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at approximately $4,412,757.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at approximately $4,412,757.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock worth $11,034,964 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the period. Sugarloaf Wealth Management LLC increased its stake in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after buying an additional 700 shares during the period. Advisors Asset Management Inc. lifted its holdings in SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after buying an additional 743 shares in the last quarter. Archford Capital Strategies LLC boosted its position in SentinelOne by 1.8% in the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after buying an additional 790 shares during the period. Finally, Straight Path Wealth Management grew its stake in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after acquiring an additional 1,000 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

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.