SentinelOne (NYSE:S) Earns “Buy” Rating from Needham & Company LLC

SentinelOne (NYSE:S)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report issued on Friday, Benzinga reports. They currently have a $25.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 23.64% from the stock’s previous close.

Several other research analysts have also recently weighed in on S. Canaccord Genuity Group upgraded SentinelOne from a “hold” rating to a “buy” rating and decreased their price target for the stock from $28.00 to $23.00 in a research note on Tuesday, June 4th. BTIG Research reduced their price objective on SentinelOne from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Bank of America reduced their price objective on SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, May 31st. UBS Group reduced their price objective on SentinelOne from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Morgan Stanley reduced their price objective on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

SentinelOne Stock Up 1.2 %

NYSE S opened at $20.22 on Friday. SentinelOne has a twelve month low of $13.87 and a twelve month high of $30.76. The firm has a market capitalization of $6.33 billion, a PE ratio of -19.82 and a beta of 0.66. The stock’s 50 day moving average is $19.91 and its 200 day moving average is $23.28.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The company had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. During the same period last year, the firm posted ($0.35) earnings per share. The company’s revenue was up 39.7% compared to the same quarter last year. On average, research analysts anticipate that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $55,935.06. Following the completion of the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $55,935.06. Following the completion of the transaction, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 24,467 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the transaction, the insider now directly owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The disclosure for this sale can be found here. Insiders sold a total of 503,271 shares of company stock valued at $9,733,568 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in SentinelOne by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after buying an additional 442,593 shares during the last quarter. Caprock Group LLC grew its stake in SentinelOne by 96.5% during the 4th quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock worth $5,320,000 after buying an additional 95,206 shares during the last quarter. Legato Capital Management LLC grew its stake in SentinelOne by 79.7% during the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after buying an additional 12,407 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in SentinelOne by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock valued at $78,931,000 after purchasing an additional 409,454 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in SentinelOne by 13.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,748,345 shares of the company’s stock valued at $47,975,000 after purchasing an additional 204,913 shares during the last quarter. 90.87% of the stock is 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.