SentinelOne (NYSE:S) Rating Increased to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of SentinelOne (NYSE:S) to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on S. Piper Sandler restated a “neutral” rating and set a $17.00 target price (down from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Cantor Fitzgerald cut their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. Finally, UBS Group cut SentinelOne from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.19.

SentinelOne Trading Up 1.2%

Shares of S opened at $13.29 on Monday. SentinelOne has a twelve month low of $12.23 and a twelve month high of $21.40. The firm has a market capitalization of $4.52 billion, a P/E ratio of -10.63 and a beta of 0.77. The firm’s 50-day moving average is $14.06 and its two-hundred day moving average is $15.96.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business 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 company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.25) EPS. Analysts predict that SentinelOne will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other news, CFO Barbara A. Larson sold 11,173 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 539,372 shares in the company, valued at $7,993,493.04. This represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 39,472 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $13.48, for a total transaction of $532,082.56. Following the completion of the transaction, the chief executive officer owned 1,083,073 shares in the company, valued at $14,599,824.04. The trade was a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 331,694 shares of company stock worth $4,849,673. 4.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of SentinelOne during the 3rd quarter worth approximately $26,000. Danske Bank A S bought a new stake in shares of SentinelOne in the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in SentinelOne during the 2nd quarter valued at approximately $29,000. Finally, Assetmark Inc. boosted its position in SentinelOne by 700.8% during the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after purchasing an additional 1,668 shares during the period. 90.87% of the stock is currently owned by institutional investors.

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.