SentinelOne (NYSE:S) Upgraded by Jefferies Financial Group to Buy Rating

Jefferies Financial Group upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $30.00 price target on the stock, up from their previous price target of $27.00.

A number of other equities analysts have also issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. 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. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Loop Capital boosted their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.44.

SentinelOne Stock Up 1.3 %

Shares of NYSE S opened at $22.33 on Thursday. The firm’s 50-day simple moving average is $26.23 and its 200 day simple moving average is $23.33. The stock has a market cap of $7.18 billion, a P/E ratio of -23.76 and a beta of 0.67. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

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

Insider Activity

In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $24,345,019.74. This trade represents a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock worth $10,373,693 in the last 90 days. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC acquired a new position in SentinelOne during the third quarter worth $80,604,000. Sylebra Capital LLC boosted its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Atreides Management LP increased its holdings in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of SentinelOne in the 2nd quarter valued at approximately $36,237,000. Finally, Eminence Capital LP lifted its holdings in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 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.