SentinelOne (NYSE:S) Coverage Initiated at Oppenheimer

Equities research analysts at Oppenheimer assumed coverage on shares of SentinelOne (NYSE:S) in a report released on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $32.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 44.05% from the stock’s current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a research note on Monday, December 2nd. Sanford C. Bernstein cut their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Guggenheim restated a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Susquehanna upped their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Stock Performance

NYSE S opened at $22.22 on Wednesday. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The firm’s fifty day moving average is $24.84 and its two-hundred day moving average is $23.91. The firm has a market cap of $7.14 billion, a PE ratio of -23.63 and a beta of 0.74.

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

Insider Activity

In other news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now owns 959,682 shares of the company’s stock, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 41,170 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the transaction, the insider now owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 358,135 shares of company stock worth $8,757,911. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Institutional investors and hedge funds have recently made changes to their positions in the business. Champlain Investment Partners LLC purchased a new stake in SentinelOne in the 3rd quarter valued at $80,604,000. Sylebra Capital LLC lifted its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares in the last quarter. Atreides Management LP lifted its position in shares of 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 acquiring an additional 2,200,594 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in SentinelOne during the 2nd quarter worth about $36,237,000. Finally, Eminence Capital LP boosted its position in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the period. Institutional investors own 90.87% of the company’s stock.

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.