SentinelOne, Inc. (NYSE:S) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SentinelOne, Inc. (NYSE:S) has been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $28.73.

Several brokerages recently commented on S. Loop Capital lifted their price objective on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. DA Davidson upped their price target on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. BTIG Research raised their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Wells Fargo & Company upped their target price on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 price target on shares of SentinelOne in a research note on Friday, October 18th.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now owns 582,512 shares in the company, valued at $15,290,940. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,125 shares of company stock valued at $10,367,734 in the last quarter. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently bought and sold shares of S. Advisors Asset Management Inc. grew its stake in SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares in the last quarter. Caxton Associates LP bought a new position in shares of SentinelOne during the 1st quarter worth $2,040,000. Waverly Advisors LLC purchased a new position in shares of SentinelOne during the first quarter valued at $1,216,000. Kennedy Capital Management LLC raised its holdings in shares of SentinelOne by 43.0% in the first quarter. Kennedy Capital Management LLC now owns 587,385 shares of the company’s stock valued at $13,692,000 after acquiring an additional 176,653 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in SentinelOne by 17.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,174,079 shares of the company’s stock worth $27,368,000 after acquiring an additional 172,753 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Up 0.5 %

Shares of S opened at $28.08 on Friday. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The business’s fifty day simple moving average is $25.90 and its two-hundred day simple moving average is $22.91. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -30.19 and a beta of 0.65.

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

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.