SentinelOne (NYSE:S) Coverage Initiated at Cantor Fitzgerald

Analysts at Cantor Fitzgerald assumed coverage on shares of SentinelOne (NYSE:S) in a research report issued on Thursday, MarketBeat.com reports. The firm set an “overweight” rating and a $30.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 33.57% from the company’s current price.

A number of other research analysts have also issued reports on S. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Robert W. Baird boosted their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Guggenheim reissued a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.46.

SentinelOne Trading Down 0.2 %

Shares of NYSE:S opened at $22.46 on Thursday. The stock’s 50-day moving average price is $25.17 and its two-hundred day moving average price is $23.82. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -23.89 and a beta of 0.74.

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

Insiders Place Their Bets

In related news, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the sale, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,135 shares of company stock worth $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Avior Wealth Management LLC grew its holdings in SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the period. Straight Path Wealth Management lifted its position in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after acquiring an additional 1,000 shares in the last quarter. Bullseye Asset Management LLC lifted its position in shares of SentinelOne by 1.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after buying an additional 1,000 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after buying an additional 1,012 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in shares of SentinelOne by 0.4% during the 2nd quarter. Rathbones Group PLC now owns 288,667 shares of the company’s stock worth $6,076,000 after purchasing an additional 1,038 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

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.