SentinelOne (NYSE:S) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a research report released on Tuesday morning, Marketbeat.com reports. The firm currently has $32.00 price target on the stock, up from their previous price target of $25.00.

A number of other research firms have also recently issued reports on S. Morgan Stanley raised their price objective on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Sanford C. Bernstein reduced their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a report on Friday, September 13th. Finally, Susquehanna increased their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Trading Down 4.6 %

Shares of S opened at $26.11 on Tuesday. The company’s fifty day simple moving average is $25.12 and its 200 day simple moving average is $22.54. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a market cap of $8.28 billion, a price-to-earnings ratio of -28.08 and a beta of 0.65.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same period in the previous year, the business earned ($0.26) EPS. SentinelOne’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other 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 completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the sale, the chief financial officer now directly owns 477,781 shares in the company, valued at approximately $10,224,513.40. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,125 shares of company stock valued at $10,367,734. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after acquiring an additional 1,694,407 shares during the period. Sylebra Capital LLC lifted its position in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the period. Eminence Capital LP boosted its stake 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 valued at $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. State Street Corp boosted its stake in shares of SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after purchasing an additional 516,244 shares during the last quarter. Finally, Atreides Management LP raised its stake in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after buying an additional 2,200,594 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.