SentinelOne, Inc. (NYSE:S) Receives Average Recommendation of “Moderate Buy” from Brokerages

SentinelOne, Inc. (NYSE:S) has been assigned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.7167.

A number of analysts recently commented on the company. JMP Securities set a $23.00 price target on SentinelOne in a research note on Friday, December 5th. The Goldman Sachs Group decreased their price objective on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday. Citizens Jmp dropped their target price on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a research report on Friday, December 5th. Westpark Capital reiterated a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Finally, Barclays decreased their price target on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th.

SentinelOne Price Performance

Shares of NYSE:S opened at $14.08 on Friday. The stock’s 50-day moving average is $15.02 and its 200 day moving average is $16.71. The company has a market cap of $4.78 billion, a PE ratio of -11.26 and a beta of 0.77. SentinelOne has a 1 year low of $13.46 and a 1 year high of $25.24.

SentinelOne (NYSE:S) last released 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. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. During the same quarter last year, the business posted ($0.25) EPS. The business’s revenue was up 22.9% on a year-over-year basis. Analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tomer Weingarten sold 125,429 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the completion of the transaction, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at approximately $16,494,999.72. This represents a 10.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total value of $176,358.00. Following the sale, the insider owned 560,589 shares in the company, valued at $8,307,928.98. This represents a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 361,394 shares of company stock worth $5,558,207. Company insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of SentinelOne by 37.9% in the second quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock worth $56,758,000 after buying an additional 853,508 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of SentinelOne by 22.3% during the third quarter. Stephens Investment Management Group LLC now owns 2,399,643 shares of the company’s stock valued at $42,258,000 after acquiring an additional 437,724 shares in the last quarter. M & L Capital Management Ltd purchased a new position in SentinelOne in the 3rd quarter worth approximately $1,338,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in SentinelOne by 40.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock valued at $5,387,000 after acquiring an additional 84,308 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in SentinelOne in the 2nd quarter valued at approximately $4,771,000. Institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

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.