SentinelOne, Inc. (NYSE:S) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have earned an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $29.48.

A number of equities analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Barclays reduced their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Finally, Morgan Stanley reduced their target price on SentinelOne from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th.

SentinelOne Stock Down 2.3 %

SentinelOne stock opened at $20.15 on Tuesday. The business’s 50-day simple moving average is $22.92 and its 200 day simple moving average is $24.32. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -21.44 and a beta of 0.75. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) EPS. As a group, sell-side analysts expect that SentinelOne will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 70,642 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the transaction, the chief executive officer now owns 939,726 shares of the company’s stock, valued at $22,760,163.72. The trade was a 6.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 41,170 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 371,925 shares of company stock valued at $8,729,445. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after acquiring an additional 4,206,900 shares during the period. Champlain Investment Partners LLC bought a new stake in SentinelOne in the 3rd quarter valued at $80,604,000. Norges Bank bought a new stake in SentinelOne in the 4th quarter valued at $73,528,000. Point72 Asset Management L.P. bought a new stake in SentinelOne in the 4th quarter valued at $63,120,000. Finally, Sylebra Capital LLC boosted its stake in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. 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.