Canaccord Genuity Group Reiterates “Buy” Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research report issued on Friday, Benzinga reports. They presently have a $30.00 target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 13.81% from the company’s current price.

A number of other equities research analysts have also recently commented on S. BTIG Research increased their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Loop Capital lifted their target price on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a report on Friday, September 13th. Citigroup increased their price objective on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Trading Up 1.3 %

S opened at $26.36 on Friday. The company has a market cap of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67. The stock has a fifty day simple moving average of $23.92 and a two-hundred day simple moving average of $21.85. 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 data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. During the same quarter in the prior year, the company earned ($0.26) earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. On average, analysts predict that SentinelOne will post -0.73 EPS for the current year.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the transaction, the insider now directly owns 639,834 shares in the company, valued at approximately $15,061,692.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $15,061,692.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently added to or reduced their stakes in S. Blue Trust Inc. purchased a new stake in SentinelOne in the second quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its position in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares during the period. Sugarloaf Wealth Management LLC grew its stake in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in shares of SentinelOne during the second quarter worth approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of SentinelOne during the first quarter valued at approximately $80,000. 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.