SentinelOne, Inc. (NYSE:S) Receives Average Rating of “Moderate Buy” from Brokerages

SentinelOne, Inc. (NYSE:S) has received an average rating of “Moderate Buy” from the thirty analysts that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.83.

S has been the subject of several recent research reports. Guggenheim reissued a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a research report on Wednesday, May 21st. Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Roth Mkm initiated coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $26.00 price objective for the company. Bank of America reissued a “neutral” rating and issued a $21.00 price objective on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Roth Capital set a $26.00 price target on shares of SentinelOne and gave the company a “buy” rating in a report on Tuesday, April 22nd.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $19.17, for a total value of $1,166,762.88. Following the sale, the chief executive officer now directly owns 920,297 shares in the company, valued at $17,642,093.49. This trade represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $18.30, for a total transaction of $430,379.40. Following the completion of the sale, the insider now owns 1,007,026 shares in the company, valued at approximately $18,428,575.80. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 382,308 shares of company stock worth $7,070,276. 4.33% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

Hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co bought a new stake in shares of SentinelOne during the 1st quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth bought a new stake in shares of SentinelOne during the 4th quarter worth about $28,000. Parallel Advisors LLC raised its position in shares of SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock worth $35,000 after buying an additional 942 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,622 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Stock Up 1.9%

NYSE:S opened at $17.59 on Thursday. The company has a market cap of $5.85 billion, a P/E ratio of -18.71 and a beta of 0.77. SentinelOne has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm’s 50 day moving average is $18.48 and its two-hundred day moving average is $20.74.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Research analysts forecast that SentinelOne will post -0.76 earnings per share for the current fiscal year.

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.