Wells Fargo & Company Upgrades SentinelOne (NYSE:S) to “Hold”

SentinelOne (NYSE:S) was upgraded by Wells Fargo & Company to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. DA Davidson decreased their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Cantor Fitzgerald cut their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. Guggenheim decreased their target price on shares of SentinelOne from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Morgan Stanley cut their price target on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $21.19.

SentinelOne Price Performance

S opened at $13.29 on Monday. The business’s 50-day moving average price is $14.06 and its two-hundred day moving average price is $15.96. SentinelOne has a 1 year low of $12.23 and a 1 year high of $21.40. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of -10.63 and a beta of 0.77.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.25) earnings per share. Sell-side analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Keenan Michael Conder sold 4,237 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $13.15, for a total transaction of $55,716.55. Following the transaction, the insider directly owned 562,362 shares in the company, valued at $7,395,060.30. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ana G. Pinczuk sold 11,900 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $176,358.00. Following the completion of the sale, the insider directly owned 560,589 shares in the company, valued at approximately $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 331,694 shares of company stock valued at $4,849,673. 4.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its position 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 buying an additional 726 shares during the last quarter. Strategic Advocates LLC acquired a new stake in SentinelOne during the 3rd quarter valued at $26,000. Danske Bank A S bought a new position in SentinelOne during the third quarter worth $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of SentinelOne in the second quarter valued at $29,000. Finally, MAI Capital Management increased its holdings in shares of SentinelOne by 121.2% in the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.