SentinelOne (NYSE:S) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a research report report published on Tuesday, MarketBeat reports. The firm currently has $32.00 target price on the stock, up from their previous target price of $25.00.

A number of other equities analysts also recently weighed in on S. JPMorgan Chase & Co. upped their target price on SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Baird R W upgraded shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Citigroup increased their price objective on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Morgan Stanley boosted their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird raised their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.73.

SentinelOne Price Performance

Shares of NYSE:S opened at $26.11 on Tuesday. The stock’s 50 day moving average price is $25.12 and its 200 day moving average price is $22.54. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of -28.08 and a beta of 0.65. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Activity

In other news, CEO Tomer Weingarten sold 38,607 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $880,239.60. Following the transaction, the chief executive officer now owns 1,060,749 shares of the company’s stock, valued at $24,185,077.20. This represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock valued at $10,367,734 over the last three months. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Sylebra Capital LLC grew its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. Eminence Capital LP raised its holdings in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. State Street Corp lifted its position in shares of SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after purchasing an additional 516,244 shares in the last quarter. Finally, Atreides Management LP boosted its holdings in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the last quarter. 90.87% of the stock is currently owned by 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.