SentinelOne (NYSE:S) Upgraded to “Sector Outperform” at Scotiabank

Scotiabank upgraded shares of SentinelOne (NYSE:S) from a sector perform rating to a sector outperform rating in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage currently has $23.50 target price on the stock, up from their prior target price of $16.00.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective on SentinelOne from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, May 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $15.50 price objective on shares of SentinelOne in a research report on Friday, May 29th. Bank of America raised SentinelOne from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $20.00 in a research note on Friday, May 29th. Wells Fargo & Company increased their target price on SentinelOne from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, Sanford C. Bernstein set a $19.00 price target on SentinelOne and gave the company an “outperform” rating in a report on Friday, March 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.93.

SentinelOne Trading Down 2.3%

Shares of S opened at $17.73 on Monday. The stock has a 50 day simple moving average of $16.23 and a 200-day simple moving average of $14.75. The stock has a market cap of $6.08 billion, a PE ratio of -18.54 and a beta of 0.82. SentinelOne has a 1 year low of $11.81 and a 1 year high of $21.40.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. SentinelOne had a negative return on equity of 15.35% and a negative net margin of 30.39%.The company had revenue of $276.66 million during the quarter, compared to analysts’ expectations of $277.31 million. During the same period last year, the business earned $0.02 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. SentinelOne has set its Q2 2027 guidance at 0.060-0.080 EPS and its FY 2027 guidance at 0.320-0.380 EPS. On average, sell-side analysts forecast that SentinelOne will post -0.45 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, insider Keenan Michael Conder sold 8,401 shares of SentinelOne stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.70, for a total transaction of $131,895.70. Following the completion of the sale, the insider directly owned 982,732 shares of the company’s stock, valued at approximately $15,428,892.40. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Barry L. Padgett sold 15,460 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $17.89, for a total value of $276,579.40. Following the completion of the sale, the chief operating officer owned 987,208 shares of the company’s stock, valued at $17,661,151.12. This trade represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 524,837 shares of company stock valued at $8,245,598. Insiders own 4.27% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Woodline Partners LP bought a new position in SentinelOne during the first quarter worth about $382,000. Focus Partners Wealth bought a new stake in SentinelOne in the 1st quarter valued at about $346,000. Prudential Financial Inc. grew its position in shares of SentinelOne by 28.4% during the 2nd quarter. Prudential Financial Inc. now owns 21,141 shares of the company’s stock worth $386,000 after purchasing an additional 4,680 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of SentinelOne by 540.3% during the second quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after purchasing an additional 3,593 shares during the period. Finally, Amundi raised its position in shares of SentinelOne by 7.9% in the second quarter. Amundi now owns 170,047 shares of the company’s stock valued at $3,083,000 after buying an additional 12,495 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

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.