SentinelOne, Inc. (NYSE:S) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SentinelOne, Inc. (NYSE:S) have earned a consensus recommendation of “Moderate Buy” from the thirty analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.8966.

S has been the subject of a number of recent analyst reports. DA Davidson decreased their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Citigroup dropped their target price on shares of SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Canaccord Genuity Group reduced their price target on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Guggenheim reiterated a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $21.00 target price on shares of SentinelOne in a research note on Friday, December 12th.

SentinelOne Price Performance

S stock opened at $15.09 on Friday. The firm has a market cap of $5.13 billion, a PE ratio of -12.08 and a beta of 0.77. SentinelOne has a 12 month low of $13.46 and a 12 month high of $25.24. The firm has a 50 day simple moving average of $15.07 and a 200 day simple moving average of $16.74.

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

Insider Activity

In other news, CEO Tomer Weingarten sold 125,429 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.09, for a total value of $1,892,723.61. Following the completion of the sale, the chief executive officer directly owned 1,093,108 shares of the company’s stock, valued at $16,494,999.72. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Barbara A. Larson sold 11,173 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the sale, the chief financial officer owned 539,372 shares of the company’s stock, valued at approximately $7,993,493.04. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 361,394 shares of company stock valued at $5,558,207 in the last ninety days. Corporate insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. Allworth Financial LP grew its holdings in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC acquired a new stake in SentinelOne during the third quarter valued at $26,000. Danske Bank A S purchased a new position in SentinelOne in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp acquired a new position in SentinelOne in the 2nd quarter worth about $29,000. Finally, Assetmark Inc. raised its stake in shares of SentinelOne by 700.8% during the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock worth $29,000 after purchasing an additional 1,668 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.