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

SentinelOne, Inc. (NYSE:S) has been assigned a consensus rating of “Moderate Buy” from the thirty analysts that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $24.83.

S has been the topic of several analyst reports. Stephens reissued an “overweight” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Tuesday, May 27th. UBS Group dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. Roth Mkm initiated coverage on shares of SentinelOne in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $26.00 target price on the stock. Scotiabank dropped their target price on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Finally, Barclays dropped their target price on shares of SentinelOne from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 29th.

SentinelOne Price Performance

Shares of S opened at $17.59 on Thursday. The firm’s 50 day moving average is $18.48 and its 200-day moving average is $20.74. The stock has a market capitalization of $5.85 billion, a P/E ratio of -18.71 and a beta of 0.77. SentinelOne has a 12-month low of $15.36 and a 12-month high of $29.29.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to analysts’ expectations of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 23,518 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the completion of the sale, the insider now directly owns 1,007,026 shares in the company, valued at approximately $18,428,575.80. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the sale, the insider now owns 596,332 shares of the company’s stock, valued at $10,900,948.96. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 382,308 shares of company stock worth $7,070,276 over the last ninety days. 4.33% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of S. Guggenheim Capital LLC increased its position in SentinelOne by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock worth $764,000 after acquiring an additional 478 shares during the period. Smartleaf Asset Management LLC increased its holdings in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the period. Rafferty Asset Management LLC increased its holdings in SentinelOne by 2.5% in the 1st quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock valued at $470,000 after buying an additional 641 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its holdings in SentinelOne by 4.6% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock valued at $365,000 after buying an additional 724 shares during the period. Finally, Parallel Advisors LLC increased its holdings in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company’s stock valued at $35,000 after buying an additional 942 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.