Other equities research analysts have also issued research reports about the stock. Raymond James increased their price objective on shares of SentinelOne from $20.00 to $22.00 and gave the stock a strong-buy rating in a research report on Friday. Guggenheim increased their price target on SentinelOne from $16.00 to $19.00 and gave the company a buy rating in a report on Wednesday, August 23rd. KeyCorp initiated coverage on SentinelOne in a research note on Wednesday, June 14th. They set a sector weight rating on the stock. Scotiabank increased their target price on SentinelOne from $15.00 to $16.50 in a research note on Friday. Finally, BTIG Research lowered SentinelOne from a buy rating to a neutral rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of Hold and a consensus price target of $20.50.
SentinelOne Trading Up 3.5 %
SentinelOne (NYSE:S – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. The company had revenue of $149.42 million for the quarter, compared to the consensus estimate of $140.98 million. During the same period last year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 45.8% compared to the same quarter last year. Sell-side analysts predict that SentinelOne will post -1.23 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Ric Smith sold 15,498 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $195,894.72. Following the completion of the sale, the insider now owns 547,204 shares of the company’s stock, valued at approximately $6,916,658.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other SentinelOne news, CEO Tomer Weingarten sold 40,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $16.36, for a total value of $654,400.00. Following the sale, the chief executive officer now directly owns 890,794 shares of the company’s stock, valued at $14,573,389.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 15,498 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $195,894.72. Following the transaction, the insider now directly owns 547,204 shares of the company’s stock, valued at approximately $6,916,658.56. The disclosure for this sale can be found here. Insiders sold a total of 288,179 shares of company stock valued at $4,294,152 over the last 90 days. 5.93% of the stock is owned by company insiders.
Institutional Trading of SentinelOne
A number of large investors have recently modified their holdings of the company. CWM LLC raised its stake in SentinelOne by 57.4% during the 2nd quarter. CWM LLC now owns 1,969 shares of the company’s stock valued at $30,000 after acquiring an additional 718 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of SentinelOne by 85.4% during the second quarter. Itau Unibanco Holding S.A. now owns 2,633 shares of the company’s stock valued at $40,000 after purchasing an additional 1,213 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SentinelOne in the first quarter worth about $43,000. Advisors Asset Management Inc. bought a new position in SentinelOne in the 1st quarter valued at about $43,000. Finally, Delta Asset Management LLC TN acquired a new position in SentinelOne during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 71.33% of the company’s stock.
SentinelOne Company Profile
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.
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