Scotiabank Upgrades SentinelOne (NYSE:S) to “Sector Outperform”

SentinelOne (NYSE:S) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has a $23.50 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 34.18% from the stock’s previous close.

Several other research analysts also recently commented on the company. Wolfe Research set a $20.00 price objective on SentinelOne in a research note on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of SentinelOne in a research note on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price target on shares of SentinelOne in a report on Friday, May 29th. Finally, Piper Sandler cut their target price on SentinelOne from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Eighteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.93.

SentinelOne Trading Up 0.0%

Shares of S opened at $17.51 on Monday. SentinelOne has a 12 month low of $11.81 and a 12 month high of $21.40. The business’s fifty day simple moving average is $16.15 and its two-hundred day simple moving average is $14.72. The company has a market cap of $6.00 billion, a price-to-earnings ratio of -18.24 and a beta of 0.82.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, May 28th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $276.66 million during the quarter, compared to analyst estimates of $277.31 million. SentinelOne had a negative net margin of 30.39% and a negative return on equity of 15.35%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. SentinelOne has set its Q2 2027 guidance at 0.060-0.080 EPS and its FY 2027 guidance at 0.320-0.380 EPS. As a group, research analysts forecast that SentinelOne will post -0.45 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Keenan Michael Conder sold 8,401 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.70, for a total transaction of $131,895.70. Following the completion of the sale, the insider directly owned 982,732 shares in the company, valued at approximately $15,428,892.40. The trade was a 0.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 11,905 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $15.70, for a total transaction of $186,908.50. Following the completion of the sale, the chief accounting officer owned 445,330 shares of the company’s stock, valued at approximately $6,991,681. The trade was a 2.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 493,335 shares of company stock worth $7,682,027 in the last three months. Company insiders own 4.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of S. Allworth Financial LP raised its stake in shares of SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC purchased a new stake in SentinelOne during the 3rd quarter valued at approximately $26,000. Danske Bank A S purchased a new position in SentinelOne in the 3rd quarter valued at $26,000. Assetmark Inc. boosted its holdings in SentinelOne by 700.8% in the 4th quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after purchasing an additional 1,668 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in SentinelOne during the third quarter worth $36,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.