SentinelOne (NYSE:S) Research Coverage Started at Wedbush

Wedbush assumed coverage on shares of SentinelOne (NYSE:S) in a report released on Friday, Marketbeat reports. The firm issued an outperform rating and a $25.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft set a $24.00 target price on shares of SentinelOne in a research note on Monday, August 17th. Wolfe Research set a $20.00 target price on shares of SentinelOne in a research report on Friday, May 29th. Sanford C. Bernstein raised their price target on shares of SentinelOne from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. TD Cowen boosted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Jefferies Financial Group set a $26.00 price objective on shares of SentinelOne in a research note on Friday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.50.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $19.83 on Friday. The stock has a market capitalization of $6.90 billion, a P/E ratio of -19.64 and a beta of 0.77. The business has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $16.78. SentinelOne has a 12 month low of $11.81 and a 12 month high of $23.95.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The firm had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The business’s revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, research analysts anticipate that SentinelOne will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ana Pinczuk sold 6,230 shares of SentinelOne stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.09, for a total transaction of $125,160.70. Following the transaction, the insider owned 737,716 shares in the company, valued at $14,820,714.44. The trade was a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 13,311 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $19.95, for a total transaction of $265,554.45. Following the transaction, the chief accounting officer directly owned 405,112 shares in the company, valued at approximately $8,081,984.40. The trade was a 3.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 330,866 shares of company stock worth $6,336,407. 4.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Woodline Partners LP acquired a new position in SentinelOne during the first quarter worth $382,000. Focus Partners Wealth acquired a new stake in shares of SentinelOne in the first quarter valued at $346,000. Prudential Financial Inc. raised its holdings in shares of SentinelOne by 28.4% in the 2nd quarter. Prudential Financial Inc. now owns 21,141 shares of the company’s stock valued at $386,000 after buying an additional 4,680 shares during the period. EverSource Wealth Advisors LLC lifted its stake in SentinelOne by 540.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,258 shares of the company’s stock worth $78,000 after acquiring an additional 3,593 shares in the last quarter. Finally, Amundi lifted its stake in SentinelOne by 7.9% during the 2nd quarter. Amundi now owns 170,047 shares of the company’s stock worth $3,083,000 after acquiring an additional 12,495 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.