SentinelOne’s (S) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of SentinelOne (NYSE:S) in a research note issued to investors on Monday morning, Benzinga reports. JMP Securities currently has a $33.00 target price on the stock.

Several other equities research analysts have also issued reports on S. Bank of America upgraded shares of SentinelOne from a neutral rating to a buy rating and lifted their target price for the company from $26.50 to $35.00 in a research report on Wednesday, February 14th. Wedbush upped their price target on shares of SentinelOne from $28.00 to $32.00 and gave the stock an overweight rating in a research note on Thursday, March 14th. Raymond James upped their target price on shares of SentinelOne from $22.00 to $26.00 and gave the company a strong-buy rating in a research note on Wednesday, December 6th. The Goldman Sachs Group upped their target price on shares of SentinelOne from $19.00 to $28.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company upped their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company an equal weight rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $26.04.

SentinelOne Stock Up 2.7 %

S opened at $23.30 on Monday. The firm has a 50-day moving average price of $26.61 and a 200-day moving average price of $22.14. SentinelOne has a twelve month low of $12.43 and a twelve month high of $30.76. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of -20.08 and a beta of 0.71.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.83%. The company had revenue of $174.18 million during the quarter, compared to analyst estimates of $169.40 million. During the same period last year, the business earned ($0.30) earnings per share. SentinelOne’s revenue was up 38.1% compared to the same quarter last year. On average, sell-side analysts expect that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David J. Bernhardt sold 40,000 shares of SentinelOne stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.98, for a total value of $999,200.00. Following the completion of the sale, the chief financial officer now directly owns 349,089 shares in the company, valued at $8,720,243.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Tomer Weingarten sold 47,365 shares of SentinelOne stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.46, for a total value of $1,158,547.90. Following the completion of the sale, the chief executive officer now directly owns 807,430 shares in the company, valued at $19,749,737.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David J. Bernhardt sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $24.98, for a total transaction of $999,200.00. Following the completion of the transaction, the chief financial officer now owns 349,089 shares of the company’s stock, valued at $8,720,243.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 916,578 shares of company stock valued at $22,206,535. 5.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Large investors have recently added to or reduced their stakes in the company. Evoke Wealth LLC grew its stake in shares of SentinelOne by 0.3% during the fourth quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock worth $3,884,000 after acquiring an additional 378 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of SentinelOne by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after acquiring an additional 519 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of SentinelOne by 3.8% during the first quarter. Commonwealth Equity Services LLC now owns 18,039 shares of the company’s stock worth $295,000 after acquiring an additional 653 shares during the last quarter. Sei Investments Co. grew its stake in shares of SentinelOne by 1.0% during the fourth quarter. Sei Investments Co. now owns 72,447 shares of the company’s stock worth $1,057,000 after acquiring an additional 723 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of SentinelOne by 4.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,618 shares of the company’s stock worth $456,000 after acquiring an additional 755 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.