Westpark Capital Reiterates “Buy” Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating reaffirmed by research analysts at Westpark Capital in a report issued on Tuesday,Benzinga reports. They currently have a $34.00 price target on the stock. Westpark Capital’s target price would indicate a potential upside of 18.61% from the stock’s previous close.

Several other equities research analysts have also commented on S. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price target on shares of SentinelOne in a research note on Monday. Barclays lifted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Needham & Company LLC initiated coverage on SentinelOne in a research report on Thursday, October 17th. They set a “buy” rating and a $32.00 price objective for the company. Finally, BTIG Research lifted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus price target of $29.04.

SentinelOne Price Performance

Shares of NYSE:S opened at $28.67 on Tuesday. The business’s 50 day simple moving average is $26.16 and its 200-day simple moving average is $23.08. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of -29.62 and a beta of 0.67. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. On average, equities analysts anticipate that SentinelOne will post -0.73 earnings per share for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares of the company’s stock, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,541 shares of company stock worth $10,032,448 in the last ninety days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in S. Waldron Private Wealth LLC bought a new position in shares of SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. bought a new position in shares of SentinelOne during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in shares of SentinelOne during the second quarter worth about $49,000. Finally, Capital Performance Advisors LLP acquired a new stake in SentinelOne during the third quarter worth about $55,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.