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

Key Points

• SentinelOne, Inc. has an average recommendation of "Moderate Buy" from the 30 analysts covering the stock, with the average 1-year price target set at $24.62.
• The company reported earnings of $0.02 per share for the last quarter, meeting analysts' estimates, and experienced a 22.9% year-over-year revenue increase to $229.03 million.
• Recent insider sales include CEO Tomer Weingarten selling 31,916 shares at an average price of $17.31, indicating a 2.08% decrease in his holdings.

Shares of SentinelOne, Inc. (NYSE:S - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-nine research firms that are currently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.3333.

A number of research firms have recently issued reports on S. JPMorgan Chase & Co. reiterated 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. Stephens restated an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a research report on Tuesday, May 27th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $21.00 and gave the stock a "sector perform" rating in a research report on Friday. Westpark Capital restated a "buy" rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday.

SentinelOne Price Performance

Shares of S stock traded up $1.30 during midday trading on Tuesday, reaching $18.91. 19,336,839 shares of the company traded hands, compared to its average volume of 6,872,699. The firm's 50 day simple moving average is $17.80 and its two-hundred day simple moving average is $18.59. SentinelOne has a 1-year low of $15.36 and a 1-year high of $29.29. The firm has a market cap of $6.29 billion, a PE ratio of -14.33 and a beta of 0.78.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The company had revenue of $229.03 million during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne's revenue was up 22.9% on a year-over-year basis. As a group, research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Ric Smith sold 27,481 shares of SentinelOne stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $502,352.68. Following the completion of the transaction, the insider directly owned 1,030,544 shares in the company, valued at $18,838,344.32. The trade was a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 31,916 shares of SentinelOne stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $17.31, for a total value of $552,465.96. Following the transaction, the chief executive officer owned 1,500,460 shares of the company's stock, valued at $25,972,962.60. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CENTRAL TRUST Co acquired a new position in SentinelOne in the 1st quarter valued at $26,000. Atlantic Union Bankshares Corp acquired a new position in SentinelOne in the 2nd quarter valued at $29,000. 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 acquiring an additional 942 shares during the last quarter. 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 acquiring an additional 1,622 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in SentinelOne in the 4th quarter valued at $38,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.