Rosenblatt Securities Reiterates “Buy” Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating reissued by investment analysts at Rosenblatt Securities in a research note issued to investors on Friday,Benzinga reports. They presently have a $24.00 target price on the stock. Rosenblatt Securities’ target price points to a potential upside of 64.95% from the company’s current price.

A number of other research analysts have also commented on the stock. Westpark Capital restated a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Citigroup reissued a “market outperform” rating on shares of SentinelOne in a research note on Friday. UBS Group upped their target price on SentinelOne from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley reiterated a “positive” rating on shares of SentinelOne in a research report on Tuesday, September 2nd. Finally, BTIG Research reissued a “neutral” rating on shares of SentinelOne in a report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.43.

SentinelOne Stock Down 14.3%

S stock opened at $14.55 on Friday. The stock has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $17.65. SentinelOne has a twelve month low of $14.48 and a twelve month high of $26.00. The firm has a market capitalization of $4.85 billion, a PE ratio of -11.64 and a beta of 0.76.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. SentinelOne’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business earned ($0.25) earnings per share. On average, equities research analysts anticipate that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, insider Ric Smith sold 24,515 shares of SentinelOne stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $458,185.35. Following the sale, the insider directly owned 951,541 shares of the company’s stock, valued at approximately $17,784,301.29. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keenan Michael Conder sold 11,098 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.69, for a total value of $207,421.62. Following the completion of the sale, the insider owned 579,407 shares in the company, valued at $10,829,116.83. This represents a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its position in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares during the last quarter. IFP Advisors Inc increased its position in SentinelOne by 42.4% during the third quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock valued at $239,000 after acquiring an additional 4,049 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of SentinelOne in the third quarter valued at $239,000. Strategic Advocates LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth about $26,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of SentinelOne by 263.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,717 shares of the company’s stock worth $277,000 after acquiring an additional 11,392 shares during the last quarter. Hedge funds and other 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.