Rosenblatt Securities Initiates Coverage on SentinelOne (NYSE:S)

Equities research analysts at Rosenblatt Securities assumed coverage on shares of SentinelOne (NYSE:S) in a note issued to investors on Friday, Marketbeat reports. The firm set a “buy” rating and a $24.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 33.11% from the company’s current price.

A number of other research firms also recently weighed in on S. Bank of America reaffirmed a “neutral” rating and set a $21.00 price objective on shares of SentinelOne in a report on Thursday, May 29th. Guggenheim reaffirmed a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a report on Wednesday, May 21st. Roth Mkm initiated coverage on SentinelOne in a report on Wednesday, April 23rd. They set a “buy” rating and a $26.00 price objective on the stock. Barclays cut their target price on shares of SentinelOne from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, May 29th. Finally, Roth Capital set a $26.00 target price on shares of SentinelOne and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.80.

SentinelOne Trading Up 1.7%

Shares of NYSE:S opened at $18.03 on Friday. SentinelOne has a 1 year low of $15.36 and a 1 year high of $29.29. The business has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $19.78. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of -13.66 and a beta of 0.77.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, sell-side analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the sale, the chief executive officer directly owned 1,581,396 shares of the company’s stock, valued at $28,180,476.72. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ric Smith sold 27,481 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $502,352.68. Following the sale, the insider directly owned 1,030,544 shares in the company, valued at $18,838,344.32. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,347 shares of company stock valued at $3,464,807. Company insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of S. CENTRAL TRUST Co acquired a new position in SentinelOne during the first quarter worth approximately $26,000. Parallel Advisors LLC increased its position in SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock worth $35,000 after buying an additional 942 shares during the last quarter. GAMMA Investing LLC increased its position in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,622 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne during the fourth quarter worth approximately $38,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in SentinelOne during the fourth quarter worth approximately $40,000. 90.87% of the stock is owned by institutional investors.

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.