SentinelOne, Inc. (NYSE:S) Given Average Rating of “Moderate Buy” by Brokerages

Shares of SentinelOne, Inc. (NYSE:S) have earned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $25.48.

A number of equities analysts have recently commented on S shares. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Morgan Stanley lifted their price objective on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Scotiabank decreased their target price on shares of SentinelOne from $25.00 to $18.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. Susquehanna dropped their price target on SentinelOne from $35.00 to $22.00 and set a “positive” rating on the stock in a research report on Friday, May 31st. Finally, Westpark Capital decreased their price objective on SentinelOne from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the completion of the transaction, the chief executive officer now directly owns 1,099,356 shares in the company, valued at approximately $23,603,173.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $86,880.60. Following the completion of the transaction, the chief accounting officer now directly owns 198,174 shares of the company’s stock, valued at $3,428,410.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $21.47, for a total value of $1,306,750.08. Following the completion of the sale, the chief executive officer now owns 1,099,356 shares in the company, valued at $23,603,173.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 610,851 shares of company stock valued at $12,036,747. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in SentinelOne by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after acquiring an additional 409,454 shares during the period. Lord Abbett & CO. LLC increased its stake in SentinelOne by 25.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock valued at $43,006,000 after purchasing an additional 375,275 shares during the last quarter. Principal Financial Group Inc. lifted its position in SentinelOne by 874.1% during the first quarter. Principal Financial Group Inc. now owns 157,273 shares of the company’s stock worth $3,666,000 after buying an additional 141,127 shares during the period. Highland Capital Management LLC acquired a new stake in SentinelOne in the 1st quarter worth about $1,099,000. Finally, Seven Eight Capital LP purchased a new stake in SentinelOne in the 4th quarter valued at about $3,074,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Stock Performance

Shares of NYSE S opened at $24.57 on Friday. The stock’s 50-day simple moving average is $21.06 and its 200-day simple moving average is $22.51. The firm has a market capitalization of $7.69 billion, a PE ratio of -24.55 and a beta of 0.66. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) earnings per share. On average, sell-side analysts forecast that SentinelOne will post -0.73 earnings per share for the current fiscal year.

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.