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

Shares of SentinelOne, Inc. (NYSE:S) have been given a consensus rating of “Moderate Buy” by the twenty-six ratings firms that are currently covering the firm, MarketBeat reports. Six investment 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 target price among brokerages that have issued ratings on the stock in the last year is $29.44.

S has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. Loop Capital lifted their target price on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Susquehanna boosted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Finally, Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th.

Insider Activity

In other news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $26.28, for a total transaction of $383,241.24. Following the completion of the sale, the insider now owns 585,647 shares of the company’s stock, valued at approximately $15,390,803.16. The trade was a 2.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,416 shares of company stock valued at $10,020,785. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. KBC Group NV boosted its holdings in shares of SentinelOne by 778.0% in 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 in the last quarter. Erste Asset Management GmbH bought a new position in SentinelOne in the 3rd quarter valued at $4,816,000. NorthRock Partners LLC acquired a new stake in SentinelOne in the third quarter worth about $5,227,000. Charles Schwab Investment Management Inc. raised its stake in shares of SentinelOne by 55.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after buying an additional 921,572 shares during the last quarter. Finally, Sycomore Asset Management raised its position in shares of SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after acquiring an additional 83,060 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 1.2 %

NYSE S opened at $22.69 on Thursday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The company has a market cap of $7.29 billion, a PE ratio of -24.14 and a beta of 0.67. The stock’s 50-day moving average price is $25.96 and its two-hundred day moving average price is $23.52.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. Research analysts forecast that SentinelOne will post -0.76 EPS 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.