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

Shares of SentinelOne, Inc. (NYSE:S) have been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.08.

Several analysts have issued reports on S shares. StockNews.com upgraded SentinelOne to a “sell” rating in a research note on Friday, January 12th. DA Davidson raised their price objective on SentinelOne from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Bank of America upgraded shares of SentinelOne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.50 to $35.00 in a research report on Wednesday, February 14th. Wedbush raised their price target on shares of SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, The Goldman Sachs Group boosted their target price on SentinelOne from $19.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st.

SentinelOne Trading Down 1.2 %

Shares of NYSE:S opened at $20.63 on Friday. SentinelOne has a 1-year low of $12.43 and a 1-year high of $30.76. The firm has a market capitalization of $6.40 billion, a PE ratio of -17.78 and a beta of 0.66. The business’s 50 day moving average is $25.27 and its 200-day moving average is $22.73.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. On average, sell-side analysts predict that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 4,001 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the transaction, the chief accounting officer now directly owns 203,196 shares of the company’s stock, valued at approximately $5,537,091. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO David J. Bernhardt sold 34,021 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $30.03, for a total value of $1,021,650.63. Following the transaction, the chief financial officer now owns 403,132 shares in the company, valued at $12,106,053.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 4,001 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $109,027.25. Following the completion of the sale, the chief accounting officer now directly owns 203,196 shares of the company’s stock, valued at approximately $5,537,091. The disclosure for this sale can be found here. In the last quarter, insiders sold 321,583 shares of company stock worth $8,355,882. 5.93% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Price T Rowe Associates Inc. MD raised its position in SentinelOne by 72.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,317,055 shares of the company’s stock worth $369,376,000 after acquiring an additional 10,656,778 shares in the last quarter. Vanguard Group Inc. lifted its holdings in SentinelOne by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 23,464,580 shares of the company’s stock worth $643,868,000 after purchasing an additional 482,345 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of SentinelOne by 17.4% during the second quarter. BlackRock Inc. now owns 12,658,818 shares of the company’s stock worth $191,148,000 after buying an additional 1,875,084 shares during the last quarter. Sylebra Capital Ltd acquired a new position in shares of SentinelOne during the first quarter worth approximately $171,765,000. Finally, First Trust Advisors LP lifted its holdings in shares of SentinelOne by 1.6% during the fourth quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock worth $284,642,000 after buying an additional 162,846 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.