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

Shares of SentinelOne, Inc. (NYSE:S) have received an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $24.87.

Several analysts have commented on S shares. BTIG Research lowered their target price on shares of SentinelOne from $30.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, May 31st. DA Davidson lifted their price objective on SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Wells Fargo & Company dropped their target price on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st. JPMorgan Chase & Co. decreased their price target on SentinelOne from $31.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a research note on Friday, May 31st.

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $216,107.90. Following the completion of the sale, the chief executive officer now owns 1,274,957 shares of the company’s stock, valued at approximately $27,105,585.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.26, for a total transaction of $216,107.90. Following the completion of the sale, the chief executive officer now owns 1,274,957 shares in the company, valued at $27,105,585.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ric Smith sold 99,502 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the sale, the insider now owns 639,834 shares in the company, valued at approximately $12,860,663.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 639,582 shares of company stock valued at $12,655,659. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of S. Newbridge Financial Services Group Inc. bought a new stake in shares of SentinelOne during the fourth quarter valued at about $30,000. Blue Trust Inc. bought a new stake in shares of SentinelOne during the 2nd quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its stake in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in shares of SentinelOne in the second quarter valued at approximately $49,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 0.3 %

NYSE:S opened at $23.03 on Monday. The company has a market capitalization of $7.21 billion, a P/E ratio of -22.58 and a beta of 0.66. The firm has a 50-day moving average price of $20.02 and a two-hundred day moving average price of $22.98. SentinelOne has a twelve month low of $13.87 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. During the same period in the previous year, the company posted ($0.35) EPS. SentinelOne’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

SentinelOne Company Profile

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.