SentinelOne (NYSE:S) Rating Increased to Hold at Wells Fargo & Company

SentinelOne (NYSE:S) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also commented on S. Berenberg Bank assumed coverage on shares of SentinelOne in a research report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price target on the stock. Wedbush lowered their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. UBS Group downgraded SentinelOne from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group reduced their price objective on SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of SentinelOne in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.19.

SentinelOne Stock Up 1.2%

Shares of S stock opened at $13.29 on Monday. The stock has a market cap of $4.52 billion, a P/E ratio of -10.63 and a beta of 0.77. SentinelOne has a fifty-two week low of $12.23 and a fifty-two week high of $21.40. The business has a fifty day simple moving average of $14.06 and a 200-day simple moving average of $15.96.

SentinelOne (NYSE:S) last released its quarterly earnings data 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 14.95%. The business had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the firm earned ($0.25) EPS. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, insider Ana G. Pinczuk sold 11,900 shares of the company’s 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 completion of the transaction, the insider directly owned 560,589 shares in the company, valued at approximately $8,307,928.98. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the transaction, the chief executive officer owned 1,093,108 shares in the company, valued at $16,494,999.72. This trade represents a 10.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 331,694 shares of company stock worth $4,849,673. Company insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the last quarter. Strategic Advocates LLC purchased a new position in SentinelOne during the third quarter worth approximately $26,000. Danske Bank A S acquired a new position in shares of SentinelOne in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne during the 2nd quarter valued at $29,000. Finally, MAI Capital Management grew its stake in shares of 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 buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

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.