Guggenheim Reaffirms “Buy” Rating for SentinelOne (NYSE:S)

Guggenheim reissued their buy rating on shares of SentinelOne (NYSE:S) in a research note released on Thursday morning,Benzinga reports. They currently have a $31.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley restated an “equal weight” rating and set a $29.00 target price on shares of SentinelOne in a research report on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a report on Thursday. Susquehanna boosted their price target on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Price Performance

Shares of S stock opened at $25.78 on Thursday. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The company’s fifty day moving average price is $26.31 and its 200-day moving average price is $23.16. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of -27.43 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.86% and a negative net margin of 37.61%. The business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same quarter in the previous year, the company posted ($0.21) EPS. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Equities research analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,567 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the transaction, the insider now directly owns 585,647 shares in the company, valued at $12,819,812.83. This represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,754 shares of company stock worth $8,532,505 in the last quarter. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the company. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne in the third quarter valued at about $80,604,000. Sylebra Capital LLC increased its position in SentinelOne by 33.7% during 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. Atreides Management LP increased its position in 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 purchasing an additional 2,200,594 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of SentinelOne in the 2nd quarter valued at about $36,237,000. Finally, Eminence Capital LP lifted its position in shares of 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 period. Institutional investors own 90.87% of the company’s stock.

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.