SentinelOne (NYSE:S) Receives Buy Rating from Guggenheim

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by stock analysts at Guggenheim in a report released on Friday,Benzinga reports. They currently have a $28.00 target price on the stock. Guggenheim’s target price points to a potential upside of 65.19% from the company’s previous close.

Several other analysts also recently commented on the stock. Morgan Stanley set a $18.00 price objective on shares of SentinelOne in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a report on Tuesday. Robert W. Baird lifted their target price on shares of SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. BTIG Research reissued a “neutral” rating on shares of SentinelOne in a report on Monday, August 25th. Finally, UBS Group upped their price objective on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.72.

SentinelOne Stock Down 0.1%

S stock opened at $16.95 on Friday. SentinelOne has a twelve month low of $15.17 and a twelve month high of $26.64. The firm has a market cap of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76. The business has a 50 day moving average of $17.00 and a 200 day moving average of $17.71.

SentinelOne (NYSE:S) last released its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.The business had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts expect that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 162,794 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total value of $2,992,153.72. Following the completion of the sale, the chief executive officer directly owned 1,298,982 shares of the company’s stock, valued at approximately $23,875,289.16. This represents a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Keenan Michael Conder sold 11,098 shares of SentinelOne stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $207,421.62. Following the transaction, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. This represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 481,090 shares of company stock worth $8,637,206 in the last quarter. Company insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the last quarter. Danske Bank A S bought a new position in shares of SentinelOne during the third quarter worth $26,000. Strategic Advocates LLC purchased a new position in SentinelOne during the third quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in SentinelOne in the 2nd quarter valued at $29,000. Finally, MAI Capital Management lifted its stake in SentinelOne by 121.2% in the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. 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.