SentinelOne’s (S) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of SentinelOne (NYSE:S) in a research note released on Friday,Benzinga reports. Needham & Company LLC currently has a $21.00 price target on the stock.

A number of other brokerages also recently commented on S. Citizens Jmp lowered their target price on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a research note on Friday, December 5th. Guggenheim reaffirmed a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. DA Davidson cut their target price on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Oppenheimer lowered their price target on SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Finally, Robert W. Baird raised their price objective on shares of SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $15.10 on Friday. The business has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $17.47. SentinelOne has a one year low of $14.48 and a one year high of $25.24. The company has a market cap of $5.13 billion, a PE ratio of -12.08 and a beta of 0.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 8,311 shares of SentinelOne stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $121,174.38. Following the transaction, the insider directly owned 565,225 shares of the company’s stock, valued at $8,240,980.50. The trade was a 1.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Barbara A. Larson sold 54,583 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.13, for a total transaction of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 392,904 shares of company stock valued at $6,374,392. 4.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in SentinelOne by 37.9% during the second quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock worth $56,758,000 after buying an additional 853,508 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in SentinelOne in the second quarter valued at about $1,332,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of SentinelOne by 40.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock valued at $5,387,000 after acquiring an additional 84,308 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of SentinelOne during the 2nd quarter valued at approximately $4,771,000. Finally, Strs Ohio purchased a new stake in shares of SentinelOne during the 1st quarter worth approximately $9,227,000. 90.87% of the stock is owned by institutional investors and hedge funds.

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.