SentinelOne (NYSE:S) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a research report released on Thursday morning, Marketbeat.com reports. Jefferies Financial Group currently has $30.00 price target on the stock, up from their previous price target of $27.00.

S has been the topic of a number of other research reports. Susquehanna upped their target price on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research note on Friday, October 18th. Robert W. Baird lifted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price objective on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.44.

SentinelOne Stock Performance

SentinelOne stock opened at $22.43 on Thursday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The firm’s 50 day moving average price is $26.16 and its two-hundred day moving average price is $23.36.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter last year, the business earned ($0.21) EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, equities analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In related news, CEO Tomer Weingarten sold 10,165 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 transaction of $266,831.25. Following the completion of the transaction, the chief executive officer now directly owns 1,029,332 shares of the company’s stock, valued at $27,019,965. This trade represents a 0.98 % 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 business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the transaction, the insider now owns 585,647 shares in the company, valued at approximately $14,172,657.40. This trade represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 418,999 shares of company stock worth $10,373,693. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of SentinelOne by 6.4% in the third quarter. Principal Financial Group Inc. now owns 18,491 shares of the company’s stock valued at $442,000 after purchasing an additional 1,111 shares in the last quarter. Franklin Resources Inc. boosted its position in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after buying an additional 1,366 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SentinelOne in the 3rd quarter valued at $67,000. Ashford Capital Management Inc. raised its position in shares of SentinelOne by 72.7% during the third quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock worth $15,750,000 after acquiring an additional 277,235 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after acquiring an additional 355,944 shares during the last quarter. 90.87% of the stock is currently 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.