SentinelOne, Inc. (NYSE:S) Receives $29.46 Consensus PT from Brokerages

Shares of SentinelOne, Inc. (NYSE:S) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.48.

Several research firms recently weighed in on S. Guggenheim reaffirmed a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a report on Thursday, December 5th. DA Davidson upped their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reiterated a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Susquehanna boosted their target price on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $29.00 target price on shares of SentinelOne in a research report on Monday, December 2nd.

SentinelOne Stock Performance

S opened at $21.73 on Monday. The business’s 50 day moving average is $24.95 and its 200-day moving average is $23.92. The stock has a market cap of $6.98 billion, a PE ratio of -23.12 and a beta of 0.74. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period in the previous year, the firm earned ($0.21) EPS. The firm’s revenue was up 28.3% on a year-over-year basis. As a group, analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the completion of the sale, the chief executive officer now directly owns 1,029,332 shares in the company, valued at approximately $27,019,965. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 358,135 shares of company stock worth $8,757,911 over the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in SentinelOne by 43.4% in the second quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock valued at $821,000 after purchasing an additional 11,800 shares in the last quarter. National Bank of Canada FI grew its stake in shares of SentinelOne by 92.7% in the 2nd quarter. National Bank of Canada FI now owns 4,158 shares of the company’s stock valued at $85,000 after buying an additional 2,000 shares in the last quarter. Victory Capital Management Inc. increased its holdings in SentinelOne by 12.7% in the second quarter. Victory Capital Management Inc. now owns 33,944 shares of the company’s stock worth $715,000 after buying an additional 3,836 shares during the last quarter. American Century Companies Inc. raised its position in SentinelOne by 3.6% during the second quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock valued at $898,000 after acquiring an additional 1,470 shares in the last quarter. Finally, Rathbones Group PLC raised its position in SentinelOne by 0.4% during the second quarter. Rathbones Group PLC now owns 288,667 shares of the company’s stock valued at $6,076,000 after acquiring an additional 1,038 shares in the last quarter. 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.