SentinelOne (NYSE:S) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer started coverage on shares of SentinelOne (NYSE:S) in a research note released on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $32.00 price target on the stock.

Several other research analysts have also commented on S. UBS Group lowered SentinelOne from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $25.00 in a research report on Wednesday. DA Davidson lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, Sanford C. Bernstein reduced their target price on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Price Performance

NYSE S opened at $21.73 on Wednesday. The firm’s fifty day moving average price is $24.84 and its 200 day moving average price is $23.91. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of -23.12 and a beta of 0.74.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the business posted ($0.21) EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, sell-side analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the firm’s 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 3,135 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the sale, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 358,135 shares of company stock valued at $8,757,911 in the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. Waldron Private Wealth LLC acquired a new stake in shares of SentinelOne in the third quarter worth approximately $26,000. Modus Advisors LLC acquired a new stake in shares of SentinelOne in the fourth quarter worth approximately $48,000. Capital Performance Advisors LLP acquired a new stake in shares of SentinelOne in the third quarter worth approximately $55,000. Blue Trust Inc. boosted its position in shares of SentinelOne by 105.9% in the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of SentinelOne by 287.9% in the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,765 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.