SentinelOne (NYSE:S) Shares Up 1.7% – Still a Buy?

SentinelOne, Inc. (NYSE:S) shares traded up 1.7% on Wednesday . The company traded as high as $14.11 and last traded at $13.7950. 9,451,843 shares were traded during mid-day trading, an increase of 26% from the average session volume of 7,486,527 shares. The stock had previously closed at $13.57.

Analyst Ratings Changes

S has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of SentinelOne in a report on Friday, December 12th. Canaccord Genuity Group lowered their price objective on SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, UBS Group cut shares of SentinelOne from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.90.

SentinelOne Trading Up 1.7%

The stock has a 50-day moving average price of $15.29 and a 200 day moving average price of $16.88. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -11.04 and a beta of 0.77.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business’s revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) earnings per share. Equities research analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In related news, CFO Barbara A. Larson sold 11,173 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $165,583.86. Following the completion of the sale, the chief financial officer owned 539,372 shares of the company’s stock, valued at approximately $7,993,493.04. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the transaction, the insider owned 560,589 shares in the company, valued at approximately $8,307,928.98. This represents a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 361,394 shares of company stock worth $5,558,207. 4.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.