SentinelOne (NYSE:S) Now Covered by Analysts at Scotiabank

Scotiabank assumed coverage on shares of SentinelOne (NYSE:SGet Rating) in a research report released on Wednesday morning, The Fly reports. The firm issued a sector perform rating and a $13.00 price objective on the stock.

S has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SentinelOne from $32.00 to $20.00 in a report on Wednesday, December 7th. JMP Securities lowered their price target on shares of SentinelOne from $42.00 to $36.00 and set a market outperform rating for the company in a report on Wednesday, December 7th. Bank of America downgraded shares of SentinelOne from a buy rating to a neutral rating and reduced their price target for the stock from $28.00 to $16.00 in a research report on Thursday, January 12th. UBS Group lowered their target price on shares of SentinelOne from $39.00 to $25.00 and set a buy rating on the stock in a research note on Wednesday, December 7th. Finally, Redburn Partners initiated coverage on shares of SentinelOne in a research report on Thursday, December 1st. They issued a neutral rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $24.52.

SentinelOne Price Performance

Shares of S opened at $14.38 on Wednesday. The firm has a market capitalization of $4.06 billion, a P/E ratio of -11.06 and a beta of 0.49. The business has a fifty day moving average of $14.84 and a 200 day moving average of $21.43. SentinelOne has a one year low of $12.69 and a one year high of $48.46.

SentinelOne (NYSE:SGet Rating) last announced its quarterly earnings results on Tuesday, December 6th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. SentinelOne had a negative return on equity of 20.34% and a negative net margin of 98.61%. The firm had revenue of $115.32 million during the quarter, compared to analyst estimates of $111.00 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share. SentinelOne’s quarterly revenue was up 105.9% on a year-over-year basis. Analysts expect that SentinelOne will post -1.41 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 400,000 shares of SentinelOne stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $15.81, for a total value of $6,324,000.00. Following the sale, the chief executive officer now directly owns 259,427 shares in the company, valued at approximately $4,101,540.87. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Tomer Weingarten sold 400,000 shares of the business’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $15.81, for a total transaction of $6,324,000.00. Following the transaction, the chief executive officer now owns 259,427 shares of the company’s stock, valued at $4,101,540.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David J. Bernhardt sold 1,538 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $16.68, for a total transaction of $25,653.84. Following the completion of the sale, the chief financial officer now owns 100,732 shares in the company, valued at approximately $1,680,209.76. The disclosure for this sale can be found here. Insiders sold 834,020 shares of company stock valued at $13,007,620 over the last 90 days. Corporate insiders own 7.48% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Large investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new position in shares of SentinelOne during the second quarter valued at about $26,000. Advisors Asset Management Inc. bought a new stake in shares of SentinelOne in the 1st quarter worth approximately $43,000. Lazard Asset Management LLC bought a new stake in SentinelOne during the 3rd quarter valued at $31,000. Islay Capital Management LLC increased its position in SentinelOne by 50.0% during the 2nd quarter. Islay Capital Management LLC now owns 1,500 shares of the company’s stock valued at $35,000 after purchasing an additional 500 shares during the period. Finally, Gordian Capital Singapore Pte Ltd grew its position in shares of SentinelOne by 1,881.2% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company’s stock worth $47,000 after buying an additional 1,900 shares during the period. 79.18% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Company Profile

(Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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Analyst Recommendations for SentinelOne (NYSE:S)

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