Guggenheim Reaffirms Buy Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating reissued by investment analysts at Guggenheim in a report released on Thursday,Benzinga reports. They presently have a $31.00 price objective on the stock. Guggenheim’s target price indicates a potential upside of 20.25% from the stock’s previous close.

A number of other analysts also recently issued reports on S. Citigroup raised their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Susquehanna lifted their price target on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a report on Thursday, September 5th. Barclays raised their target price on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Stock Performance

NYSE:S opened at $25.78 on Thursday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The firm has a 50-day moving average price of $26.31 and a two-hundred day moving average price of $23.15. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of -27.43 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. As a group, sell-side analysts forecast that SentinelOne will post -0.73 earnings per share for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 23,567 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.89, for a total value of $515,881.63. Following the sale, the insider now owns 585,647 shares of the company’s stock, valued at $12,819,812.83. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,754 shares of company stock valued at $8,532,505. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors have recently added to or reduced their stakes in S. KBC Group NV boosted its holdings in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH bought a new position in SentinelOne during the 3rd quarter valued at approximately $4,816,000. NorthRock Partners LLC purchased a new stake in SentinelOne in the 3rd quarter worth approximately $5,227,000. Charles Schwab Investment Management Inc. grew its position in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock worth $62,129,000 after buying an additional 921,572 shares during the last quarter. Finally, Sycomore Asset Management grew its position in shares of SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after buying an additional 83,060 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.