SentinelOne, Inc. (NYSE:S) Receives Average Recommendation of "Moderate Buy" from Analysts

SentinelOne, Inc. (NYSE:S - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirty research firms that are currently covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.80.

S has been the subject of a number of analyst reports. DA Davidson decreased their price target on SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Morgan Stanley cut their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group cut their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Stephens reaffirmed an "overweight" rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $18.00 price objective (down from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th.

SentinelOne Price Performance

S stock traded down $0.39 during mid-day trading on Friday, reaching $17.95. The company had a trading volume of 6,296,714 shares, compared to its average volume of 8,049,025. The stock has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $19.56. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of -13.60 and a beta of 0.77. SentinelOne has a 52 week low of $15.36 and a 52 week high of $29.29.

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, meeting analysts' consensus estimates of $0.02. The firm had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.95% and a negative net margin of 49.36%. The firm's quarterly revenue was up 22.9% on a year-over-year basis. On average, equities analysts predict that SentinelOne will post -0.76 EPS for the current year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 10,336 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total transaction of $191,629.44. Following the completion of the sale, the chief executive officer directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, 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. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,619 shares of company stock valued at $1,386,302 in the last ninety days. 4.33% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its holdings in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company's stock valued at $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Norges Bank bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $73,528,000. Point72 Asset Management L.P. bought a new position in shares of SentinelOne in the fourth quarter valued at approximately $63,120,000. Massachusetts Financial Services Co. MA grew its holdings in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock valued at $96,898,000 after acquiring an additional 2,558,702 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of SentinelOne by 131.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company's stock valued at $79,532,000 after acquiring an additional 2,483,136 shares in the last quarter. 90.87% of the stock is owned by 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.