SentinelOne, Inc. (NYSE:S) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analysts rate SentinelOne a “Moderate Buy”: Of 29 analysts, 16 recommend buying, 12 rate it a hold and one recommends selling. The average 12-month price target is $23.64, with several firms recently raising targets to between $25 and $28.
• Recent results exceeded expectations: SentinelOne reported quarterly EPS of $0.08 versus the $0.07 consensus estimate, while revenue rose 20.6% year over year to $291.98 million. The stock opened at $23.40 and has a 12-month range of $11.81 to $24.40.
• Institutional ownership remains high, while insiders sold shares: Hedge funds and other institutions own 90.87% of the stock, with several investors increasing their positions. Insiders sold 387,815 shares worth about $7.6 million over the past 90 days, including sales by the CEO and COO.

SentinelOne, Inc. (NYSE:S - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-nine analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.64.

S has been the topic of several recent research reports. Needham & Company LLC lifted their price target on shares of SentinelOne from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Rosenblatt Securities reiterated a "buy" rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, August 28th. Citigroup restated an "outperform" rating on shares of SentinelOne in a report on Friday, August 28th. Guggenheim boosted their target price on SentinelOne from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, TD Cowen increased their price target on SentinelOne from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 28th.

SentinelOne Trading Up 2.9%

NYSE:S opened at $23.40 on Wednesday. SentinelOne has a twelve month low of $11.81 and a twelve month high of $24.40. The company has a 50-day moving average of $21.15 and a 200-day moving average of $17.60. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -23.17 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business had revenue of $291.98 million for the quarter, compared to the consensus estimate of $290.24 million. During the same period in the previous year, the firm earned ($0.22) EPS. The business's revenue for the quarter was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, research analysts forecast that SentinelOne will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Barry L. Padgett sold 15,460 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $17.89, for a total transaction of $276,579.40. Following the sale, the chief operating officer owned 987,208 shares in the company, valued at $17,661,151.12. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tomer Weingarten sold 114,890 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $19.89, for a total transaction of $2,285,162.10. Following the completion of the sale, the chief executive officer owned 1,744,878 shares of the company's stock, valued at approximately $34,705,623.42. This trade represents a 6.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 387,815 shares of company stock valued at $7,595,434. Company insiders own 4.27% of the company's stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its stake in SentinelOne by 431.2% during the 2nd quarter. Engineers Gate Manager LP now owns 331,082 shares of the company's stock valued at $5,618,000 after purchasing an additional 268,751 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of SentinelOne by 44.8% in the second quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company's stock worth $1,293,000 after buying an additional 23,561 shares during the period. NewEdge Advisors LLC boosted its position in shares of SentinelOne by 33.8% in the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company's stock worth $383,000 after buying an additional 5,709 shares during the period. IFP Advisors Inc grew its holdings in shares of SentinelOne by 110.1% during the second quarter. IFP Advisors Inc now owns 15,847 shares of the company's stock valued at $269,000 after buying an additional 8,306 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of SentinelOne by 1,427.5% during the second quarter. Squarepoint Ops LLC now owns 856,528 shares of the company's stock valued at $14,535,000 after buying an additional 800,455 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company's offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.

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