SentinelOne (NYSE:S) Shares Gap Up – Time to Buy?

SentinelOne, Inc. (NYSE:S)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $19.75, but opened at $20.63. SentinelOne shares last traded at $21.4460, with a volume of 1,048,062 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on S. UBS Group boosted their price target on SentinelOne from $16.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Jefferies Financial Group set a $26.00 price objective on SentinelOne in a research note on Friday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of SentinelOne in a report on Friday, August 28th. Stephens reiterated an “overweight” rating and set a $26.00 target price on shares of SentinelOne in a research note on Friday, August 28th. Finally, Needham & Company LLC increased their target price on shares of SentinelOne from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.50.

SentinelOne Price Performance

The company has a fifty day moving average price of $20.09 and a 200 day moving average price of $16.78. The company has a market capitalization of $7.78 billion, a P/E ratio of -21.90 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The business had revenue of $291.98 million for the quarter, compared to the consensus estimate of $290.24 million. During the same quarter last year, the business posted ($0.22) EPS. The business’s revenue was up 20.6% on a year-over-year basis. 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, equities research analysts predict that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 38,759 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total transaction of $767,040.61. Following the completion of the transaction, the chief executive officer owned 1,801,827 shares of the company’s stock, valued at approximately $35,658,156.33. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ana Pinczuk sold 6,230 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $20.09, for a total transaction of $125,160.70. Following the transaction, the insider owned 737,716 shares of the company’s stock, valued at $14,820,714.44. This represents a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 330,866 shares of company stock valued at $6,336,407 in the last three months. 4.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its position in SentinelOne by 0.7% during the second quarter. Arizona State Retirement System now owns 87,546 shares of the company’s stock worth $1,486,000 after acquiring an additional 638 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after buying an additional 692 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of 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 buying an additional 726 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of SentinelOne by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 89,609 shares of the company’s stock valued at $1,154,000 after acquiring an additional 784 shares during the period. Finally, Main Management ETF Advisors LLC grew its stake in SentinelOne by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 82,215 shares of the company’s stock valued at $1,233,000 after acquiring an additional 840 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.