Guggenheim Reaffirms Buy Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating reaffirmed by equities research analysts at Guggenheim in a research note issued to investors on Friday,Benzinga reports. They presently have a $28.00 target price on the stock. Guggenheim’s price objective would indicate a potential upside of 48.05% from the stock’s previous close.

Several other equities research analysts also recently weighed in on S. Susquehanna cut their price objective on SentinelOne from $25.00 to $24.00 and set a “positive” rating on the stock in a report on Thursday, May 29th. Jefferies Financial Group raised their price objective on SentinelOne from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday. Barclays raised their price objective on SentinelOne from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Finally, Needham & Company LLC raised their price objective on SentinelOne from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $24.33.

SentinelOne Stock Performance

Shares of S stock opened at $18.91 on Friday. The stock’s fifty day moving average price is $17.80 and its two-hundred day moving average price is $18.64. The company has a market cap of $6.29 billion, a PE ratio of -14.33 and a beta of 0.77. SentinelOne has a fifty-two week low of $15.36 and a fifty-two week high of $29.29.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.96% and a negative net margin of 47.32%.The company’s quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 15,163 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $16.68, for a total value of $252,918.84. Following the completion of the sale, the insider directly owned 976,056 shares of the company’s stock, valued at $16,280,614.08. The trade was a 1.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 31,916 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $552,465.96. Following the completion of the sale, the chief executive officer directly owned 1,500,460 shares of the company’s stock, valued at $25,972,962.60. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. Price T Rowe Associates Inc. MD increased its position in SentinelOne by 77.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,955 shares of the company’s stock valued at $14,585,000 after buying an additional 285,787 shares in the last quarter. Northern Trust Corp increased its position in SentinelOne by 17.3% in the 4th quarter. Northern Trust Corp now owns 1,886,764 shares of the company’s stock valued at $41,886,000 after buying an additional 278,362 shares in the last quarter. Utah Retirement Systems increased its position in SentinelOne by 222.3% in the 4th quarter. Utah Retirement Systems now owns 47,381 shares of the company’s stock valued at $1,052,000 after buying an additional 32,681 shares in the last quarter. Comerica Bank boosted its stake in SentinelOne by 3.0% during the 4th quarter. Comerica Bank now owns 902,445 shares of the company’s stock valued at $20,034,000 after purchasing an additional 26,090 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in SentinelOne during the 4th quarter valued at about $821,000. 90.87% of the stock is owned by institutional investors.

About SentinelOne

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.