SentinelOne (NYSE:S) Receives “Buy” Rating from Guggenheim

Guggenheim reiterated their buy rating on shares of SentinelOne (NYSE:S) in a research report report published on Tuesday, Benzinga reports. They currently have a $23.00 price target on the stock.

A number of other equities research analysts also recently issued reports on S. Barclays reduced their price target on shares of SentinelOne from $27.00 to $22.00 and set an equal weight rating on the stock in a research note on Friday, May 31st. Morgan Stanley reduced their price target on shares of SentinelOne from $29.00 to $25.00 and set an overweight rating on the stock in a research note on Friday, May 31st. Loop Capital reduced their price target on shares of SentinelOne from $30.00 to $25.00 and set a buy rating on the stock in a research note on Friday, May 31st. JMP Securities reissued a market outperform rating and issued a $33.00 price target on shares of SentinelOne in a research note on Friday, May 31st. Finally, Canaccord Genuity Group raised shares of SentinelOne from a hold rating to a buy rating and reduced their price target for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SentinelOne has an average rating of Moderate Buy and an average price target of $24.71.

SentinelOne Price Performance

NYSE:S opened at $18.82 on Tuesday. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -18.45 and a beta of 0.59. The company’s 50-day moving average is $20.11 and its two-hundred day moving average is $23.75. SentinelOne has a 1-year low of $13.87 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. As a group, equities analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the transaction, the chief financial officer now owns 517,298 shares in the company, valued at approximately $8,949,255.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $21.26, for a total transaction of $55,935.06. Following the completion of the sale, the chief financial officer now owns 532,380 shares in the company, valued at approximately $11,318,398.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $191,355.30. Following the sale, the chief financial officer now owns 517,298 shares of the company’s stock, valued at approximately $8,949,255.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 507,065 shares of company stock worth $10,055,772. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Large investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of SentinelOne in the 4th quarter worth $30,000. Acadian Asset Management LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth $38,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth $55,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of SentinelOne in the 1st quarter worth $80,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after acquiring an additional 743 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

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