SentinelOne (NYSE:S) Earns Buy Rating from Westpark Capital

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by equities researchers at Westpark Capital in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $25.00 price target on the stock. Westpark Capital’s target price points to a potential upside of 71.82% from the company’s previous close.

S has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Scotiabank boosted their price target on shares of SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Friday, August 29th. Barclays dropped their price objective on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Wedbush reduced their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Cowen reissued a “buy” rating on shares of SentinelOne in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Stock Down 14.3%

Shares of SentinelOne stock opened at $14.55 on Friday. The company’s 50 day moving average is $16.93 and its 200 day moving average is $17.65. The company has a market cap of $4.85 billion, a price-to-earnings ratio of -11.64 and a beta of 0.76. SentinelOne has a twelve month low of $14.48 and a twelve month high of $26.00.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.89% and a negative net margin of 43.04%.The company had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. SentinelOne’s revenue was up 22.9% compared to the same quarter last year. Sell-side analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the sale, the chief financial officer directly owned 549,498 shares in the company, valued at $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robin Tomasello sold 8,508 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $159,014.52. Following the completion of the sale, the chief accounting officer directly owned 297,536 shares of the company’s stock, valued at $5,560,947.84. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 481,090 shares of company stock worth $8,637,206 in the last quarter. Company insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Large investors have recently modified their holdings of the stock. Rafferty Asset Management LLC lifted its position in SentinelOne by 2.5% in the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock worth $470,000 after buying an additional 641 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in SentinelOne by 25.2% during the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after buying an additional 692 shares during the period. Allworth Financial LP increased its position in SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares during the last quarter. Mission Creek Capital Partners Inc. raised its stake in shares of SentinelOne by 1.7% in the second quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock valued at $840,000 after acquiring an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC raised its stake in shares of SentinelOne by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after acquiring an additional 768 shares during the period. Institutional investors own 90.87% of the company’s stock.

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.