SentinelOne (NYSE:S) Given “Buy” Rating at Guggenheim

Guggenheim reiterated their buy rating on shares of SentinelOne (NYSE:S – Get Rating) in a research report released on Wednesday, Benzinga reports. They currently have a $18.00 target price on the stock.

S has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lowered SentinelOne from a buy rating to a hold rating and cut their target price for the company from $20.00 to $15.00 in a research note on Monday, January 23rd. DA Davidson cut their target price on SentinelOne from $40.00 to $22.00 in a research note on Wednesday, December 7th. UBS Group dropped their price target on SentinelOne from $39.00 to $25.00 and set a buy rating on the stock in a research note on Wednesday, December 7th. Canaccord Genuity Group initiated coverage on SentinelOne in a research note on Thursday, February 9th. They set a buy rating and a $20.00 price target on the stock. Finally, Needham & Company LLC restated a buy rating and set a $19.00 price target on shares of SentinelOne in a research note on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $20.79.

SentinelOne Price Performance

S stock opened at $15.07 on Wednesday. The business has a 50-day moving average price of $15.21 and a 200 day moving average price of $18.43. The company has a market capitalization of $4.26 billion, a P/E ratio of -11.08 and a beta of 0.50. SentinelOne has a 1-year low of $12.69 and a 1-year high of $42.84.

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, beating the consensus estimate of ($0.16) by $0.03. SentinelOne had a negative return on equity of 21.10% and a negative net margin of 89.70%. The firm had revenue of $126.10 million during the quarter, compared to the consensus estimate of $124.69 million. During the same period in the previous year, the company posted ($0.27) earnings per share. The firm’s quarterly revenue was up 92.1% on a year-over-year basis. On average, analysts anticipate that SentinelOne will post -1.52 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, CFO David J. Bernhardt sold 3,861 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total transaction of $59,459.40. Following the completion of the transaction, the chief financial officer now directly owns 94,876 shares of the company’s stock, valued at approximately $1,461,090.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Ric Smith sold 190,539 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the completion of the transaction, the insider now directly owns 568,855 shares of the company’s stock, valued at approximately $8,731,924.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David J. Bernhardt sold 3,861 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total value of $59,459.40. Following the transaction, the chief financial officer now directly owns 94,876 shares of the company’s stock, valued at $1,461,090.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,461 shares of company stock valued at $3,237,014. 7.48% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Several large investors have recently made changes to their positions in S. Envestnet Asset Management Inc. increased its position in shares of SentinelOne by 20.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock worth $335,000 after purchasing an additional 1,439 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of SentinelOne during the first quarter worth approximately $286,000. Bank of New York Mellon Corp increased its position in shares of SentinelOne by 547.1% during the first quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company’s stock worth $18,521,000 after purchasing an additional 404,220 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of SentinelOne during the first quarter worth approximately $212,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of SentinelOne during the first quarter worth approximately $108,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

(Get Rating)

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.