SentinelOne (NYSE:S) Earns Neutral Rating from BTIG Research

BTIG Research reaffirmed their neutral rating on shares of SentinelOne (NYSE:S) in a research note published on Monday morning, MarketBeat.com reports.

S has been the topic of a number of other research reports. Rosenblatt Securities initiated coverage on shares of SentinelOne in a research note on Friday, July 18th. They issued a “buy” rating and a $24.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, May 23rd. Jefferies Financial Group reissued a “buy” rating on shares of SentinelOne in a research note on Tuesday, August 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Finally, Westpark Capital reduced their price target on shares of SentinelOne from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.88.

SentinelOne Stock Up 4.7%

NYSE S opened at $17.18 on Monday. The stock has a market cap of $5.71 billion, a P/E ratio of -13.02 and a beta of 0.77. The company’s 50-day simple moving average is $17.77 and its 200 day simple moving average is $18.76. SentinelOne has a twelve month low of $15.36 and a twelve month high of $29.29.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $229.03 million for the quarter, compared to analysts’ expectations of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The company’s revenue was up 22.9% on a year-over-year basis. Research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 2,921 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $50,562.51. Following the transaction, the chief accounting officer directly owned 306,044 shares in the company, valued at $5,297,621.64. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 31,916 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total transaction of $552,465.96. Following the transaction, the chief executive officer owned 1,500,460 shares in the company, valued at $25,972,962.60. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,730 shares of company stock valued at $2,366,017 in the last ninety days. 4.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently modified their holdings of S. Envestnet Asset Management Inc. lifted its position in shares of SentinelOne by 105.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 69,959 shares of the company’s stock worth $1,553,000 after purchasing an additional 35,829 shares in the last quarter. Mariner LLC lifted its position in shares of SentinelOne by 85.4% during the fourth quarter. Mariner LLC now owns 35,747 shares of the company’s stock worth $794,000 after purchasing an additional 16,463 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of SentinelOne by 18.1% during the fourth quarter. Hsbc Holdings PLC now owns 162,031 shares of the company’s stock worth $3,613,000 after purchasing an additional 24,862 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of SentinelOne by 77.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,955 shares of the company’s stock worth $14,585,000 after purchasing an additional 285,787 shares in the last quarter. Finally, Beacon Pointe Advisors LLC lifted its position in shares of SentinelOne by 43.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 220,873 shares of the company’s stock worth $4,903,000 after purchasing an additional 66,839 shares in the last quarter. 90.87% of the stock is currently 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.