SentinelOne, Inc. (NYSE:S) Receives $23.81 Consensus PT from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have received a consensus rating of “Moderate Buy” from the thirty-two brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.4333.

S has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. New Street Research set a $23.00 price objective on shares of SentinelOne in a report on Friday, August 29th. Jefferies Financial Group lifted their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Westpark Capital reissued a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday. Finally, Berenberg Bank assumed coverage on SentinelOne in a research note on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price target on the stock.

Insider Transactions at SentinelOne

In other news, CFO Barbara A. Larson sold 54,583 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.13, for a total transaction of $989,589.79. Following the transaction, the chief financial officer directly owned 549,498 shares in the company, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keenan Michael Conder sold 11,098 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.69, for a total transaction of $207,421.62. Following the transaction, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. The trade was a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 481,090 shares of company stock worth $8,637,206. Insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in S. Allworth Financial LP increased its holdings in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares in the last quarter. Danske Bank A S acquired a new position in shares of SentinelOne in the 3rd quarter worth approximately $26,000. Strategic Advocates LLC bought a new stake in SentinelOne during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new stake in SentinelOne during the 2nd quarter worth approximately $29,000. Finally, MAI Capital Management increased its holdings in SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Stock Down 14.3%

Shares of S opened at $14.55 on Thursday. The company has a market cap of $4.85 billion, a P/E ratio of -11.64 and a beta of 0.76. SentinelOne has a fifty-two week low of $14.48 and a fifty-two week high of $26.00. The firm’s 50 day moving average price is $16.93 and its 200 day moving average price is $17.65.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Research analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

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.