SentinelOne (NYSE:S) Earns Buy Rating from Guggenheim

SentinelOne (NYSE:S – Get Rating)‘s stock had its “buy” rating reissued by equities research analysts at Guggenheim in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $18.00 price target on the stock. Guggenheim’s price objective would indicate a potential upside of 18.27% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group decreased their price target on SentinelOne from $39.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, December 7th. JPMorgan Chase & Co. initiated coverage on SentinelOne in a research note on Tuesday, January 24th. They issued an “overweight” rating and a $18.00 price objective on the stock. Barclays reduced their price objective on SentinelOne from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, March 6th. Piper Sandler raised their price objective on SentinelOne from $16.00 to $18.00 in a research note on Wednesday. Finally, The Goldman Sachs Group initiated coverage on SentinelOne in a research note on Tuesday, February 14th. They issued a “neutral” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, SentinelOne has a consensus rating of “Hold” and an average target price of $20.83.

SentinelOne Stock Performance

Shares of NYSE S opened at $15.22 on Wednesday. SentinelOne has a 52 week low of $12.69 and a 52 week high of $42.84. The stock has a market capitalization of $4.30 billion, a P/E ratio of -11.78 and a beta of 0.50. The stock’s fifty day moving average is $15.13 and its 200 day moving average is $18.61.

SentinelOne (NYSE:S – Get Rating) last issued its quarterly earnings results on Tuesday, March 14th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. SentinelOne had a negative return on equity of 20.34% and a negative net margin of 98.61%. The company had revenue of $126.10 million for the quarter, compared to analysts’ expectations of $124.69 million. During the same quarter last year, the business earned ($0.27) earnings per share. SentinelOne’s revenue was up 92.1% on a year-over-year basis. Equities research analysts forecast that SentinelOne will post -1.52 earnings per share for the current year.

Insider Activity

In other news, CEO Tomer Weingarten sold 7,488 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total transaction of $115,315.20. Following the completion of the sale, the chief executive officer now owns 251,939 shares in the company, valued at $3,879,860.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Tomer Weingarten sold 7,488 shares of SentinelOne stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total transaction of $115,315.20. Following the transaction, the chief executive officer now owns 251,939 shares of the company’s stock, valued at $3,879,860.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David J. Bernhardt sold 3,861 shares of SentinelOne stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $15.40, for a total value of $59,459.40. Following the transaction, the chief financial officer now directly owns 94,876 shares in the company, valued at approximately $1,461,090.40. The disclosure for this sale can be found here. Insiders sold a total of 19,922 shares of company stock worth $312,241 over the last quarter. 7.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Natixis Investment Managers International purchased a new position in SentinelOne in the second quarter worth $88,000. Jump Financial LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at $406,000. Symmetry Investments LP purchased a new position in shares of SentinelOne during the 3rd quarter valued at $579,000. Almanack Investment Partners LLC. lifted its position in shares of SentinelOne by 315.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 281,893 shares of the company’s stock valued at $6,577,000 after buying an additional 214,064 shares during the last quarter. Finally, SQN Investors LP lifted its position in shares of SentinelOne by 10.9% during the 2nd quarter. SQN Investors LP now owns 1,121,337 shares of the company’s stock valued at $26,161,000 after buying an additional 110,229 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

SentinelOne Company Profile

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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.