SentinelOne (NYSE:S) Earns “Buy” Rating from Guggenheim

SentinelOne (NYSE:S)‘s stock had its “buy” rating reissued by research analysts at Guggenheim in a note issued to investors on Thursday,Benzinga reports. They currently have a $31.00 price objective on the stock. Guggenheim’s target price would suggest a potential upside of 20.25% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Scotiabank lifted their target price on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Loop Capital boosted their price objective on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. DA Davidson increased their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 price objective 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, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Stock Performance

Shares of NYSE:S opened at $25.78 on Thursday. The firm has a market capitalization of $8.18 billion, a P/E ratio of -27.43 and a beta of 0.67. The stock has a 50 day moving average price of $26.31 and a 200-day moving average price of $23.15. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the prior year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, equities analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the sale, the chief financial officer now owns 477,781 shares in the company, valued at $10,224,513.40. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ric Smith sold 23,567 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the transaction, the insider now owns 585,647 shares of the company’s stock, valued at approximately $12,819,812.83. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 351,754 shares of company stock valued at $8,532,505. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in SentinelOne by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after buying an additional 1,366 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SentinelOne during the 3rd quarter valued at approximately $67,000. Ashford Capital Management Inc. grew its holdings in shares of SentinelOne by 72.7% in the third quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock valued at $15,750,000 after purchasing an additional 277,235 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of SentinelOne by 8.6% in the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after purchasing an additional 355,944 shares in the last quarter. Finally, Sylebra Capital LLC increased its position in SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. 90.87% of the stock is currently 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.