SentinelOne, Inc. (NYSE:S) Given Consensus Rating of “Moderate Buy” by Analysts

SentinelOne, Inc. (NYSE:S) has been assigned an average rating of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.08.

S has been the subject of several recent analyst reports. Morgan Stanley upped their target price on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. BTIG Research upgraded SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, January 22nd. Bank of America upgraded shares of SentinelOne from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.50 to $35.00 in a research note on Wednesday, February 14th. JMP Securities reiterated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research report on Monday, April 1st. Finally, Wedbush raised their target price on shares of SentinelOne from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th.

SentinelOne Price Performance

Shares of NYSE S opened at $21.67 on Wednesday. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of -18.68 and a beta of 0.69. The stock’s fifty day moving average price is $23.18 and its two-hundred day moving average price is $23.21. SentinelOne has a one year low of $12.43 and a one year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The company had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. During the same period in the previous year, the business earned ($0.30) earnings per share. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. On average, equities analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In other SentinelOne news, CAO Robin Tomasello sold 4,001 shares of SentinelOne stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total value of $109,027.25. Following the completion of the sale, the chief accounting officer now directly owns 203,196 shares of the company’s stock, valued at $5,537,091. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Tomer Weingarten sold 47,365 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $28.97, for a total transaction of $1,372,164.05. Following the transaction, the chief executive officer now directly owns 787,474 shares of the company’s stock, valued at $22,813,121.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 4,001 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $27.25, for a total value of $109,027.25. Following the completion of the transaction, the chief accounting officer now owns 203,196 shares in the company, valued at approximately $5,537,091. The disclosure for this sale can be found here. Insiders have sold 281,830 shares of company stock valued at $7,301,802 in the last ninety days. 5.93% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in SentinelOne in the fourth quarter worth $30,000. Montag A & Associates Inc. increased its holdings in SentinelOne by 143.0% in the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock worth $34,000 after acquiring an additional 1,200 shares during the last quarter. Acadian Asset Management LLC bought a new stake in SentinelOne in the 3rd quarter valued at about $38,000. Cary Street Partners Investment Advisory LLC purchased a new stake in SentinelOne during the third quarter valued at about $55,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne during the first quarter worth about $80,000. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.