SentinelOne (NYSE:S) Coverage Initiated at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of SentinelOne (NYSE:S - Get Free Report) in a research report issued on Friday, Marketbeat.com reports. The brokerage set a "buy" rating and a $24.00 price target on the stock. Rosenblatt Securities' price objective indicates a potential upside of 33.11% from the company's current price.

A number of other analysts have also weighed in on S. Guggenheim restated a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $19.00 price target (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Roth Mkm started coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price target for the company. Finally, Roth Capital set a $26.00 price target on shares of SentinelOne and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.80.

SentinelOne Trading Up 1.7%

Shares of NYSE:S traded up $0.31 during trading on Friday, reaching $18.03. The company had a trading volume of 6,613,762 shares, compared to its average volume of 5,178,905. SentinelOne has a 12 month low of $15.36 and a 12 month high of $29.29. The company has a fifty day moving average of $18.43 and a two-hundred day moving average of $19.79. The stock has a market capitalization of $5.99 billion, a P/E ratio of -13.66 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The firm's quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 10,336 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total value of $191,629.44. Following the completion of the sale, the chief executive officer owned 1,571,060 shares of the company's stock, valued at approximately $29,127,452.40. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the completion of the sale, the insider directly owned 596,332 shares of the company's stock, valued at approximately $10,900,948.96. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,347 shares of company stock valued at $3,464,807. 4.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CENTRAL TRUST Co acquired a new position in shares of SentinelOne during the 1st quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne in the 4th quarter valued at about $38,000. Foster Dykema Cabot & Partners LLC purchased a new stake in SentinelOne in the 4th quarter valued at about $40,000. GAMMA Investing LLC raised its holdings in SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after buying an additional 1,622 shares during the period. Finally, Parallel Advisors LLC raised its holdings in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock valued at $35,000 after buying an additional 942 shares during the period. Institutional investors and hedge funds own 90.87% of the company's stock.

About SentinelOne

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.