SentinelOne’s (S) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital restated their buy rating on shares of SentinelOne (NYSE:S) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $34.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group upgraded SentinelOne from a hold rating to a buy rating and reduced their price objective for the stock from $28.00 to $23.00 in a research note on Tuesday, June 4th. Susquehanna decreased their price target on SentinelOne from $35.00 to $22.00 and set a positive rating for the company in a report on Friday, May 31st. BTIG Research dropped their price objective on shares of SentinelOne from $30.00 to $23.00 and set a buy rating on the stock in a research note on Friday, May 31st. Robert W. Baird upped their target price on shares of SentinelOne from $25.00 to $29.00 and gave the company an outperform rating in a research note on Monday. Finally, Citigroup dropped their price target on shares of SentinelOne from $25.00 to $20.00 and set a neutral rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $26.14.

SentinelOne Stock Performance

NYSE S opened at $24.90 on Monday. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of -24.41 and a beta of 0.66. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The company’s 50 day moving average price is $21.45 and its 200 day moving average price is $22.40.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) earnings per share (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 business had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same period in the previous year, the company earned ($0.35) EPS. SentinelOne’s revenue was up 39.7% on a year-over-year basis. Sell-side analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 24,467 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were 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 owns 666,419 shares in the company, valued at approximately $11,529,048.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SentinelOne news, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $423,279.10. Following the sale, the insider now owns 666,419 shares of the company’s stock, valued at approximately $11,529,048.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 11,061 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 $191,355.30. Following the transaction, the chief financial officer now owns 517,298 shares of the company’s stock, valued at approximately $8,949,255.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 610,851 shares of company stock valued at $12,036,747. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently bought and sold shares of S. Blue Trust Inc. acquired a new position in shares of SentinelOne during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its holdings in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in SentinelOne in the fourth quarter worth about $30,000. Sugarloaf Wealth Management LLC lifted its holdings in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of SentinelOne during the 2nd quarter valued at about $49,000. Institutional investors and hedge funds 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.