SentinelOne (NYSE:S) Upgraded to Overweight at Piper Sandler

Piper Sandler upgraded shares of SentinelOne (NYSE:S) from a neutral rating to an overweight rating in a report released on Monday, MarketBeat reports. The firm currently has $32.00 price objective on the stock, up from their prior price objective of $25.00.

S has been the subject of a number of other reports. Loop Capital increased their price target on SentinelOne from $25.00 to $30.00 and gave the stock a buy rating in a report on Wednesday, August 28th. DA Davidson raised their target price on SentinelOne from $18.50 to $23.00 and gave the company a neutral rating in a research note on Wednesday, August 28th. Barclays raised their target price on SentinelOne from $26.00 to $28.00 and gave the company an equal weight rating in a research note on Wednesday, August 28th. Wedbush raised their target price on SentinelOne from $20.00 to $30.00 and gave the company an outperform rating in a research note on Monday, August 26th. Finally, Westpark Capital restated a buy rating and issued a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $28.00.

SentinelOne Stock Up 2.7 %

NYSE S opened at $26.42 on Monday. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of -25.90 and a beta of 0.67. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The stock has a fifty day simple moving average of $23.53 and a 200 day simple moving average of $21.75.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same period in the prior year, the business posted ($0.26) earnings per share. SentinelOne’s quarterly revenue was up 33.1% on a year-over-year basis. Research analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the sale, the chief executive officer now owns 1,039,497 shares in the company, valued at $26,299,274.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the transaction, the insider now directly owns 639,834 shares in the company, valued at approximately $15,061,692.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 550,714 shares of company stock valued at $12,285,111 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of S. Blue Trust Inc. purchased a new position in shares of SentinelOne during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its position in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of SentinelOne during the 4th quarter valued at $30,000. Sugarloaf Wealth Management LLC lifted its holdings in shares of SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne during the 2nd quarter worth $49,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.