SentinelOne, Inc. (NYSE:S) Given Average Rating of "Moderate Buy" by Analysts

SentinelOne, Inc. (NYSE:S - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty analysts that are covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.83.

A number of analysts recently commented on S shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 price target (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Roth Mkm began coverage on SentinelOne in a report on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective for the company. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 13th. UBS Group cut their price target on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research note on Friday, May 23rd.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $18.43 on Monday. SentinelOne has a one year low of $15.36 and a one year high of $29.29. The stock's 50-day moving average is $18.61 and its 200 day moving average is $20.08. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -13.96 and a beta of 0.77.

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

Insider Transactions at SentinelOne

In other news, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total value of $202,853.16. Following the sale, the insider directly owned 596,332 shares of the company's stock, valued at $10,900,948.96. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 10,336 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $191,629.44. Following the sale, the chief executive officer owned 1,571,060 shares of the company's stock, valued at approximately $29,127,452.40. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,347 shares of company stock valued at $3,464,807 in the last ninety days. 4.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in SentinelOne during the 1st quarter valued at $26,000. Smartleaf Asset Management LLC increased its stake in SentinelOne by 86.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares in the last quarter. Parallel Advisors LLC increased its stake in SentinelOne by 94.0% in the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares in the last quarter. GAMMA Investing LLC increased its stake in SentinelOne by 513.3% in the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after buying an additional 1,622 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in SentinelOne in the 4th quarter worth $38,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.

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