SentinelOne (NYSE:S) Upgraded by Wedbush to “Strong-Buy”

Wedbush upgraded shares of SentinelOne (NYSE:S) to a strong-buy rating in a research note published on Thursday, Zacks.com reports.

Several other brokerages have also recently weighed in on S. Canaccord Genuity Group reissued a “buy” rating and set a $30.00 price target on shares of SentinelOne in a research report on Friday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Westpark Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.60.

SentinelOne Trading Up 1.3 %

Shares of SentinelOne stock opened at $26.36 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The firm has a market capitalization of $8.25 billion, a PE ratio of -25.84 and a beta of 0.67. The firm’s 50-day moving average price is $23.92 and its 200 day moving average price is $21.85.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the firm posted ($0.26) EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne in the 2nd quarter valued at about $36,237,000. Vanguard Group Inc. increased its holdings in SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares in the last quarter. Eminence Capital LP lifted its position in shares of SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the period. AXA S.A. purchased a new stake in shares of SentinelOne during the 2nd quarter worth approximately $20,082,000. Finally, Sylebra Capital LLC grew its holdings in shares of SentinelOne by 15.9% in the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock worth $142,724,000 after acquiring an additional 838,818 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.