SentinelOne (NYSE:S) Stock Price Up 2% – Still a Buy?

SentinelOne, Inc. (NYSE:S) shot up 2% during mid-day trading on Monday . The company traded as high as $14.60 and last traded at $14.57. 5,813,337 shares traded hands during trading, a decline of 18% from the average session volume of 7,118,527 shares. The stock had previously closed at $14.29.

Wall Street Analysts Forecast Growth

S has been the topic of several research analyst reports. Citigroup lowered their price target on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Citizens Jmp lowered their target price on SentinelOne from $29.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Friday, December 5th. JPMorgan Chase & Co. reduced their price target on SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Wedbush decreased their price objective on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Finally, Westpark Capital reissued a “buy” rating and set a $25.00 target price on shares of SentinelOne in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.90.

SentinelOne Trading Up 2.0%

The stock has a market capitalization of $4.95 billion, a P/E ratio of -11.66 and a beta of 0.77. The business has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $16.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Ana G. Pinczuk sold 11,900 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $176,358.00. Following the sale, the insider owned 560,589 shares in the company, valued at approximately $8,307,928.98. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Barbara A. Larson sold 11,173 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares in the company, valued at $7,993,493.04. This trade represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 361,394 shares of company stock worth $5,558,207 in the last 90 days. Corporate insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Norges Bank acquired a new stake in SentinelOne in the second quarter valued at about $65,371,000. Cooper Creek Partners Management LLC acquired a new position in SentinelOne during the third quarter worth about $41,416,000. Vanguard Group Inc. lifted its holdings in shares of SentinelOne by 6.5% in the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after acquiring an additional 2,191,321 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of SentinelOne by 92.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock valued at $77,264,000 after purchasing an additional 2,051,980 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of SentinelOne by 526.4% in the 3rd quarter. Marshall Wace LLP now owns 2,269,748 shares of the company’s stock valued at $39,970,000 after purchasing an additional 1,907,376 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Company Profile

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.