SentinelOne’s (S) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of SentinelOne (NYSE:SFree Report) in a research note released on Monday morning, Benzinga reports. They currently have a $33.00 price objective on the stock.

Several other equities research analysts also recently weighed in on S. Bank of America raised shares of SentinelOne from a neutral rating to a buy rating and upped their price objective for the stock from $26.50 to $35.00 in a report on Wednesday, February 14th. The Goldman Sachs Group upped their price target on shares of SentinelOne from $19.00 to $28.00 and gave the company a neutral rating in a report on Wednesday, February 21st. StockNews.com raised shares of SentinelOne to a sell rating in a report on Friday, January 12th. Scotiabank upped their price target on shares of SentinelOne from $16.50 to $20.00 and gave the company a sector perform rating in a report on Thursday, December 7th. Finally, BTIG Research raised shares of SentinelOne from a neutral rating to a buy rating and set a $30.00 price target for the company in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $26.04.

View Our Latest Stock Analysis on S

SentinelOne Price Performance

S stock opened at $23.01 on Monday. SentinelOne has a 1-year low of $12.43 and a 1-year high of $30.76. The firm has a fifty day moving average price of $26.51 and a two-hundred day moving average price of $22.30. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of -19.83 and a beta of 0.66.

SentinelOne (NYSE:SGet Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. SentinelOne had a negative net margin of 54.53% and a negative return on equity of 18.84%. The company had revenue of $174.18 million during the quarter, compared to the consensus estimate of $169.40 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. As a group, analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Insight Holdings Group, Llc sold 517,103 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $22.76, for a total value of $11,769,264.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 517,103 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $22.76, for a total transaction of $11,769,264.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 2,207 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $27.68, for a total value of $61,089.76. Following the transaction, the insider now owns 455,374 shares of the company’s stock, valued at $12,604,752.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 916,578 shares of company stock valued at $22,206,535. 5.93% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in SentinelOne by 20.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock worth $335,000 after buying an additional 1,439 shares during the last quarter. ProShare Advisors LLC bought a new position in SentinelOne during the first quarter worth about $286,000. Bank of New York Mellon Corp boosted its holdings in SentinelOne by 547.1% during the first quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company’s stock worth $18,521,000 after buying an additional 404,220 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in SentinelOne during the first quarter worth about $212,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of SentinelOne during the first quarter worth about $108,000. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.

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Analyst Recommendations for SentinelOne (NYSE:S)

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