SentinelOne (NYSE:S) Stock Jumps 5.4% After Analyst Upgrade

Shares of SentinelOne, Inc. (NYSE:S) were up 5.4% on Monday after Rosenblatt Securities raised their price target on the stock from $25.00 to $28.00. Rosenblatt Securities currently has a buy rating on the stock. SentinelOne traded as high as $25.26 and last traded at $25.29. 1,760,453 shares were traded during trading, a decline of 79% from the average daily volume of 8,478,020 shares. The stock had previously closed at $24.00.

A number of other equities research analysts have also recently issued reports on the stock. Wedbush lifted their price target on shares of SentinelOne from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of SentinelOne from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Oppenheimer increased their price objective on shares of SentinelOne from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Scotiabank reaffirmed an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. Finally, Morgan Stanley lifted their target price on shares of SentinelOne from $17.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.61.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ana G. Pinczuk sold 16,042 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $25.33, for a total value of $406,343.86. Following the transaction, the insider directly owned 721,674 shares of the company’s stock, valued at $18,280,002.42. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Conder sold 8,312 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total value of $164,494.48. Following the transaction, the insider owned 948,046 shares in the company, valued at approximately $18,761,830.34. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 915,183 shares of company stock worth $21,151,124 in the last 90 days. 4.27% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently added to or reduced their stakes in S. Bank of America Corp DE grew its holdings in SentinelOne by 17.6% in the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock valued at $32,457,000 after buying an additional 377,542 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of SentinelOne by 216.0% during the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock valued at $85,110,000 after acquiring an additional 3,428,192 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of SentinelOne by 23.2% during the 1st quarter. California State Teachers Retirement System now owns 358,173 shares of the company’s stock valued at $4,613,000 after acquiring an additional 67,373 shares during the last quarter. Swedbank AB grew its holdings in shares of SentinelOne by 9.8% in the first quarter. Swedbank AB now owns 4,183,973 shares of the company’s stock valued at $53,890,000 after purchasing an additional 374,659 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in shares of SentinelOne by 72.2% in the second quarter. Moody National Bank Trust Division now owns 136,518 shares of the company’s stock valued at $2,317,000 after purchasing an additional 57,261 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

The stock has a market cap of $8.81 billion, a PE ratio of -25.09 and a beta of 0.70. The stock’s fifty day moving average is $22.51 and its 200-day moving average is $18.91.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $291.98 million for the quarter, compared to the consensus estimate of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. SentinelOne’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.46 EPS for the current fiscal year.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered security solutions for organizations worldwide. Its platform is designed to prevent, detect, investigate and respond to cyber threats across endpoints, cloud workloads, identities and other enterprise environments.

The company’s Singularity Platform provides capabilities including endpoint protection, extended detection and response, cloud security, identity security, vulnerability management, data lake and security information and event management functionality.