SentinelOne (NYSE:S) Receives New Coverage from Analysts at Scotiabank

Scotiabank initiated coverage on shares of SentinelOne (NYSE:S – Get Rating) in a research report report published on Wednesday morning, The Fly reports. The firm issued a sector perform rating and a $13.00 target price on the stock.

S has been the subject of a number of other reports. BTIG Research reduced their target price on shares of SentinelOne from $25.00 to $20.00 and set a buy rating for the company in a report on Wednesday, December 7th. Wedbush started coverage on shares of SentinelOne in a research note on Wednesday, December 14th. They issued an outperform rating and a $19.00 price objective for the company. Barclays reduced their price objective on shares of SentinelOne from $20.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, December 7th. Cowen dropped their target price on shares of SentinelOne from $45.00 to $35.00 in a research report on Wednesday, December 7th. Finally, Piper Sandler dropped their target price on shares of SentinelOne from $17.00 to $16.00 and set a neutral rating for the company in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $24.52.

SentinelOne Stock Down 3.4 %

S opened at $14.01 on Wednesday. The firm has a 50 day moving average price of $15.02 and a 200-day moving average price of $21.57. SentinelOne has a twelve month low of $12.69 and a twelve month high of $48.46. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -10.78 and a beta of 0.49.

SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings data on Tuesday, December 6th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.02. SentinelOne had a negative net margin of 98.61% and a negative return on equity of 20.34%. The firm had revenue of $115.32 million during the quarter, compared to analysts’ expectations of $111.00 million. During the same period in the previous year, the company earned ($0.25) earnings per share. The firm’s quarterly revenue was up 105.9% on a year-over-year basis. As a group, analysts expect that SentinelOne will post -1.41 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CFO David J. Bernhardt sold 1,538 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $16.68, for a total transaction of $25,653.84. Following the completion of the transaction, the chief financial officer now directly owns 100,732 shares in the company, valued at $1,680,209.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Tomer Weingarten sold 400,000 shares of the stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $15.32, for a total value of $6,128,000.00. Following the completion of the sale, the chief executive officer now directly owns 259,427 shares in the company, valued at $3,974,421.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Bernhardt sold 1,538 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $16.68, for a total transaction of $25,653.84. Following the completion of the sale, the chief financial officer now owns 100,732 shares of the company’s stock, valued at $1,680,209.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 834,020 shares of company stock valued at $13,007,620. Corporate insiders own 7.48% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC acquired a new stake in SentinelOne during the second quarter worth about $26,000. Lazard Asset Management LLC acquired a new stake in SentinelOne during the third quarter worth about $31,000. Islay Capital Management LLC increased its position in SentinelOne by 50.0% during the second quarter. Islay Capital Management LLC now owns 1,500 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in SentinelOne during the first quarter worth about $43,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in SentinelOne by 1,881.2% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company’s stock worth $47,000 after purchasing an additional 1,900 shares during the last quarter. 79.18% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.