SentinelOne, Inc. (NYSE:S) Receives Consensus Recommendation of “Moderate Buy” from Analysts

SentinelOne, Inc. (NYSE:S) has received an average recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.56.

Several analysts have issued reports on the stock. 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 dropped their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Finally, Citigroup decreased their target price on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th.

SentinelOne Stock Down 1.1 %

Shares of S opened at $23.84 on Friday. The stock has a 50 day moving average of $23.49 and a 200 day moving average of $24.19. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Transactions at SentinelOne

In other news, CEO Tomer Weingarten sold 70,655 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the sale, the chief executive officer now owns 1,019,541 shares in the company, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $23.29, for a total transaction of $339,638.07. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,377,680.11. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 344,835 shares of company stock valued at $8,365,183. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in SentinelOne by 21.0% in the second quarter. The Manufacturers Life Insurance Company now owns 70,507 shares of the company’s stock valued at $1,484,000 after acquiring an additional 12,258 shares during the period. Creative Planning boosted its position in SentinelOne by 62.8% during the second quarter. Creative Planning now owns 29,758 shares of the company’s stock worth $626,000 after purchasing an additional 11,478 shares in the last quarter. Truist Financial Corp grew its holdings in SentinelOne by 17.4% in the second quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after purchasing an additional 4,110 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of SentinelOne in the second quarter valued at approximately $259,000. Finally, Diversified Trust Co purchased a new position in shares of SentinelOne during the 3rd quarter valued at approximately $809,000. 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.