Oppenheimer Begins Coverage on SentinelOne (NYSE:S)

Stock analysts at Oppenheimer assumed coverage on shares of SentinelOne (NYSE:S) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $32.00 price target on the stock. Oppenheimer’s price objective would indicate a potential upside of 44.05% from the company’s previous close.

A number of other research analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a research note on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Sanford C. Bernstein reduced their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Price Performance

SentinelOne stock opened at $22.22 on Wednesday. The company’s 50-day moving average is $24.84 and its 200-day moving average is $23.91. The firm has a market capitalization of $7.14 billion, a PE ratio of -23.63 and a beta of 0.74. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its 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). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period in the previous year, the company posted ($0.21) EPS. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, analysts expect that SentinelOne will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 358,135 shares of company stock worth $8,757,911. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. KBC Group NV raised its position in shares of SentinelOne by 778.0% during the 3rd 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 last quarter. Erste Asset Management GmbH acquired a new stake in shares of SentinelOne during the 3rd quarter worth about $4,816,000. NorthRock Partners LLC purchased a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $5,227,000. Charles Schwab Investment Management Inc. grew its stake in shares of SentinelOne by 55.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after buying an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management increased its stake in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

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.