Jefferies Financial Group Upgrades SentinelOne (NYSE:S) to Buy

SentinelOne (NYSE:S) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a $30.00 price target on the stock, up from their previous price target of $27.00. Jefferies Financial Group’s target price suggests a potential upside of 33.75% from the company’s previous close.

S has been the topic of several other research reports. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Westpark Capital reissued a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd. Finally, Loop Capital increased their price target on shares of SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.44.

SentinelOne Price Performance

S opened at $22.43 on Thursday. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The business has a 50 day simple moving average of $26.23 and a two-hundred day simple moving average of $23.33. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) EPS. As a group, sell-side analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total value of $352,908.60. Following the transaction, the insider now directly owns 585,647 shares in the company, valued at $14,172,657.40. The trade was a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 418,999 shares of company stock worth $10,373,693. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after acquiring an additional 58,000 shares during the last quarter. Erste Asset Management GmbH bought a new position in SentinelOne in the 3rd quarter worth $4,816,000. NorthRock Partners LLC purchased a new position in SentinelOne during the third quarter valued at $5,227,000. Charles Schwab Investment Management Inc. grew its holdings in SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after purchasing an additional 921,572 shares during the period. Finally, Sycomore Asset Management increased its position in SentinelOne by 40.4% in the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.