SentinelOne’s (S) Buy Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of SentinelOne (NYSE:S) in a research note published on Friday morning,Benzinga reports. Guggenheim currently has a $28.00 target price on the stock.

Several other research analysts also recently commented on S. Wedbush decreased their target price on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC lowered their price objective on shares of SentinelOne from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday. UBS Group boosted their price target on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 29th. New Street Research set a $23.00 target price on SentinelOne in a research note on Friday, August 29th. Finally, DA Davidson raised their price target on SentinelOne from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Trading Down 14.3%

NYSE S opened at $14.55 on Friday. SentinelOne has a 1-year low of $14.48 and a 1-year high of $26.00. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $17.64. The firm has a market cap of $4.85 billion, a PE ratio of -11.64 and a beta of 0.76.

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, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period last year, the company earned ($0.25) EPS. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities research analysts forecast that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 23,520 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total transaction of $425,006.40. Following the sale, the insider owned 928,021 shares of the company’s stock, valued at $16,769,339.47. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keenan Michael Conder sold 5,871 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total transaction of $97,223.76. Following the transaction, the insider directly owned 573,536 shares of the company’s stock, valued at $9,497,756.16. This represents a 1.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 398,285 shares of company stock valued at $7,089,580 over the last three months. 4.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Norges Bank bought a new position in shares of SentinelOne during the second quarter valued at $65,371,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in SentinelOne by 131.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock worth $79,532,000 after buying an additional 2,483,136 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in shares of SentinelOne during the third quarter valued at approximately $41,416,000. Vanguard Group Inc. increased its position in shares of SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after acquiring an additional 2,191,321 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in SentinelOne by 92.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after acquiring an additional 2,051,980 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.