SentinelOne (NYSE:S) Now Covered by Raymond James

Analysts at Raymond James began coverage on shares of SentinelOne (NYSE:S – Get Rating) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “strong-buy” rating and a $25.00 price target on the stock. Raymond James’ target price points to a potential upside of 24.19% from the company’s current price.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of SentinelOne in a research note on Monday, March 13th. Wedbush upped their price target on SentinelOne from $19.00 to $22.00 in a research note on Wednesday, March 15th. Stephens assumed coverage on SentinelOne in a research note on Thursday, April 20th. They issued an “overweight” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on SentinelOne in a report on Tuesday, January 24th. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Barclays boosted their price objective on SentinelOne from $17.00 to $22.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.16.

SentinelOne Price Performance

Shares of NYSE:S opened at $20.13 on Wednesday. The business’s 50 day moving average price is $16.94 and its 200-day moving average price is $15.82. The firm has a market capitalization of $5.81 billion, a PE ratio of -14.80 and a beta of 0.52. SentinelOne has a 1 year low of $12.69 and a 1 year high of $30.00.

SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The company had revenue of $126.10 million for the quarter, compared to analyst estimates of $124.69 million. SentinelOne had a negative return on equity of 21.15% and a negative net margin of 89.70%. The firm’s revenue for the quarter was up 92.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) earnings per share. As a group, analysts expect that SentinelOne will post -1.18 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 12,468 shares of SentinelOne stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $17.89, for a total transaction of $223,052.52. Following the completion of the transaction, the chief executive officer now directly owns 932,496 shares of the company’s stock, valued at $16,682,353.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Ric Smith sold 190,539 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total value of $2,924,773.65. Following the completion of the transaction, the insider now directly owns 568,855 shares in the company, valued at $8,731,924.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 12,468 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $17.89, for a total value of $223,052.52. Following the sale, the chief executive officer now directly owns 932,496 shares of the company’s stock, valued at approximately $16,682,353.44. The disclosure for this sale can be found here. Insiders have sold a total of 360,785 shares of company stock worth $5,854,733 over the last three months. 5.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its stake in SentinelOne by 450.4% during the fourth quarter. CWM LLC now owns 2,086 shares of the company’s stock valued at $30,000 after buying an additional 1,707 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of SentinelOne during the 3rd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of SentinelOne during the 1st quarter worth approximately $43,000. Advisors Asset Management Inc. acquired a new stake in shares of SentinelOne during the 1st quarter worth approximately $43,000. Finally, Signaturefd LLC raised its position in shares of SentinelOne by 2,647.8% during the 4th quarter. Signaturefd LLC now owns 3,105 shares of the company’s stock worth $45,000 after purchasing an additional 2,992 shares during the period. Hedge funds and other institutional investors own 79.18% of the company’s stock.

SentinelOne Company Profile

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.