SentinelOne (NYSE:S) Now Covered by Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of SentinelOne (NYSE:S) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued an equal weight rating and a $13.00 target price on the stock.

Several other equities research analysts have also weighed in on the company. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a research note on Friday, December 5th. Canaccord Genuity Group decreased their price target on SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective on shares of SentinelOne in a research note on Friday, December 12th. Guggenheim cut their price objective on SentinelOne from $28.00 to $24.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Finally, Piper Sandler restated a “neutral” rating and issued a $17.00 target price (down from $20.00) on shares of SentinelOne in a research note on Sunday, January 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $21.19.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $13.29 on Tuesday. SentinelOne has a 52-week low of $12.23 and a 52-week high of $21.40. The firm has a market capitalization of $4.52 billion, a PE ratio of -10.63 and a beta of 0.77. The company’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $15.96.

SentinelOne (NYSE:S) last issued its earnings results 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 business had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the business earned ($0.25) EPS. The firm’s revenue was up 22.9% on a year-over-year basis. Analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Barbara A. Larson sold 11,173 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $165,583.86. Following the completion of the transaction, the chief financial officer owned 539,372 shares of the company’s stock, valued at $7,993,493.04. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ana G. Pinczuk sold 11,900 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the sale, the insider directly owned 560,589 shares of the company’s stock, valued at $8,307,928.98. This represents a 2.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 331,694 shares of company stock worth $4,849,673. 4.33% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its holdings 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 buying an additional 726 shares during the last quarter. Danske Bank A S purchased a new position in shares of SentinelOne during the 3rd quarter worth $26,000. Strategic Advocates LLC bought a new stake in shares of SentinelOne during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne in the 2nd quarter worth $29,000. Finally, MAI Capital Management increased its stake in shares of SentinelOne by 121.2% in the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is currently owned by 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.