SentinelOne (NYSE:S) Coverage Initiated by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of SentinelOne (NYSE:S) in a report released on Thursday, StockNewsAPI reports. The firm set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 23.12% from the company’s current price.

Several other research analysts have also recently weighed in on S. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $32.00 in a research report on Monday. Baird R W upgraded shares of SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. Morgan Stanley upped their price objective on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Finally, Citigroup upped their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus target price of $28.12.

SentinelOne Trading Up 1.1 %

Shares of SentinelOne stock opened at $25.99 on Thursday. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The company has a market cap of $8.13 billion, a price-to-earnings ratio of -25.48 and a beta of 0.67. The company’s 50-day moving average price is $23.74 and its 200-day moving average price is $21.80.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same period in the prior year, the firm posted ($0.26) earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the sale, the chief financial officer now owns 504,085 shares of the company’s stock, valued at $10,363,987.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 489,850 shares of company stock valued at $11,034,964 over the last quarter. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC purchased a new position in SentinelOne during the third quarter valued at $204,000. Swedbank AB raised its position in shares of SentinelOne by 25.0% in the 3rd quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock worth $59,800,000 after purchasing an additional 500,000 shares during the last quarter. Wedmont Private Capital raised its position in shares of SentinelOne by 12.7% in the 3rd quarter. Wedmont Private Capital now owns 12,728 shares of the company’s stock worth $296,000 after purchasing an additional 1,439 shares during the last quarter. CWM LLC raised its position in shares of SentinelOne by 391.5% in the 3rd quarter. CWM LLC now owns 28,114 shares of the company’s stock worth $672,000 after purchasing an additional 22,394 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of SentinelOne in the 3rd quarter worth about $809,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.