SentinelOne, Inc. (NYSE:S) Given Average Recommendation of “Moderate Buy” by Brokerages

SentinelOne, Inc. (NYSE:S) has been given a consensus rating of “Moderate Buy” by the twenty-seven ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.73.

Several equities analysts have issued reports on S shares. Sanford C. Bernstein cut their price target on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Morgan Stanley upped their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a report on Friday, September 13th. Westpark Capital restated a “buy” rating and set a $34.00 price target on shares of SentinelOne in a research note on Monday, August 26th. Finally, Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $32.00 in a research report on Monday, October 14th.

SentinelOne Price Performance

Shares of NYSE S opened at $28.08 on Friday. The business has a fifty day moving average price of $25.90 and a 200 day moving average price of $22.91. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The stock has a market capitalization of $8.91 billion, a P/E ratio of -30.19 and a beta of 0.65.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the previous year, the firm earned ($0.26) EPS. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at $4,412,757.60. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 432,125 shares of company stock worth $10,367,734. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Institutional investors have recently bought and sold shares of the company. Waldron Private Wealth LLC purchased a new stake in shares of SentinelOne during the third quarter worth $26,000. Blue Trust Inc. acquired a new stake in SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised its holdings in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC lifted 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 purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of SentinelOne during the 2nd quarter worth approximately $49,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.