SentinelOne (NYSE:S) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald assumed coverage on shares of SentinelOne (NYSE:S) in a report released on Thursday,Benzinga reports. The firm set an “overweight” rating and a $30.00 price target on the stock. Cantor Fitzgerald’s price target points to a potential upside of 33.04% from the company’s previous close.

A number of other analysts also recently weighed in on S. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. DA Davidson lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Susquehanna upped their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Barclays lowered their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Finally, Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.46.

SentinelOne Trading Up 0.3 %

Shares of SentinelOne stock traded up $0.07 during trading on Thursday, hitting $22.55. The stock had a trading volume of 3,781,914 shares, compared to its average volume of 3,964,865. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -23.99 and a beta of 0.74. The business’s 50-day moving average is $25.24 and its 200 day moving average is $23.83.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the prior year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, equities analysts expect that SentinelOne will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. This represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now owns 582,512 shares in the company, valued at approximately $15,290,940. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock valued at $8,757,911 in the last quarter. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at about $26,000. Modus Advisors LLC bought a new stake in SentinelOne during the fourth quarter valued at about $48,000. Capital Performance Advisors LLP purchased a new position in shares of SentinelOne in the third quarter valued at about $55,000. Blue Trust Inc. lifted its holdings in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Huntington National Bank grew its holdings in SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,765 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.