SentinelOne’s (S) Buy Rating Reaffirmed at Westpark Capital

Westpark Capital restated their buy rating on shares of SentinelOne (NYSE:S) in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a $34.00 price target on the stock.

A number of other research firms have also weighed in on S. BTIG Research dropped their price objective on SentinelOne from $30.00 to $23.00 and set a buy rating for the company in a research note on Friday, May 31st. Wells Fargo & Company upgraded SentinelOne from an equal weight rating to an overweight rating and raised their price objective for the company from $19.00 to $29.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on SentinelOne from $25.00 to $27.00 and gave the stock an overweight rating in a research report on Friday, August 23rd. Bank of America cut their price target on SentinelOne from $35.00 to $29.00 and set a buy rating for the company in a report on Friday, May 31st. Finally, Needham & Company LLC upped their price objective on SentinelOne from $25.00 to $29.00 and gave the stock a buy rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of Moderate Buy and an average price target of $27.28.

SentinelOne Price Performance

Shares of NYSE:S opened at $24.43 on Monday. The company has a market capitalization of $7.64 billion, a P/E ratio of -23.95 and a beta of 0.66. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The firm’s 50 day simple moving average is $21.71 and its two-hundred day simple moving average is $22.38.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS. On average, sell-side analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $21.47, for a total value of $1,306,750.08. Following the sale, the chief executive officer now directly owns 1,099,356 shares of the company’s stock, valued at approximately $23,603,173.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the sale, the chief executive officer now owns 1,099,356 shares of the company’s stock, valued at approximately $23,603,173.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $21.32, for a total transaction of $85,727.72. Following the transaction, the chief financial officer now directly owns 500,064 shares of the company’s stock, valued at $10,661,364.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 610,851 shares of company stock valued at $12,036,747. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently modified their holdings of S. Norges Bank purchased a new position in shares of SentinelOne in the 4th quarter valued at about $228,872,000. Trivest Advisors Ltd acquired a new stake in SentinelOne in the fourth quarter valued at approximately $143,273,000. Eminence Capital LP increased its position in shares of SentinelOne by 89.7% in the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after buying an additional 2,569,781 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of SentinelOne during the 2nd quarter worth approximately $36,237,000. Finally, Vanguard Group Inc. raised its stake in shares of SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after buying an additional 1,694,407 shares during the period. 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.