SentinelOne, Inc. (NYSE:S) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

SentinelOne, Inc. (NYSE:S) has earned an average rating of “Moderate Buy” from the thirty-one analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.7167.

S has been the topic of several research reports. DA Davidson dropped their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Barclays decreased their target price on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Guggenheim reaffirmed a “buy” rating and set a $28.00 target price on shares of SentinelOne in a report on Friday, December 5th. Westpark Capital reiterated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Finally, Wedbush dropped their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th.

SentinelOne Trading Up 4.3%

Shares of SentinelOne stock opened at $13.89 on Tuesday. SentinelOne has a 52 week low of $12.43 and a 52 week high of $25.24. The stock has a market cap of $4.72 billion, a PE ratio of -11.11 and a beta of 0.77. The company’s 50-day moving average price is $14.44 and its two-hundred day moving average price is $16.25.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $256.19 million. During the same quarter last year, the firm posted ($0.25) EPS. The business’s revenue for the quarter 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 Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 4,237 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the sale, the insider owned 562,362 shares in the company, valued at $7,395,060.30. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 39,472 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $13.48, for a total value of $532,082.56. Following the completion of the sale, the chief executive officer directly owned 1,083,073 shares of the company’s stock, valued at approximately $14,599,824.04. This trade represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 331,694 shares of company stock valued at $4,849,673 over the last three months. 4.33% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC acquired a new position in SentinelOne in the 3rd quarter worth about $26,000. Danske Bank A S acquired a new position in SentinelOne in the 3rd quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne during the 2nd quarter worth about $29,000. Finally, Assetmark Inc. lifted its holdings in shares of SentinelOne by 700.8% during the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after buying an additional 1,668 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.