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

Key Points

• SentinelOne, Inc. has received an average recommendation of "Moderate Buy" from 28 analysts, with 9 holding, 16 buying, and 3 giving a strong buy rating.
• Recent price targets set by various analysts range from $19.00 to $28.00, with an average 1-year price target of approximately $24.26.
• Insider selling activity includes CEO Tomer Weingarten selling 162,794 shares valued at nearly $2.99 million, indicating a reduction in ownership by 11.14%.

Shares of SentinelOne, Inc. (NYSE:S - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-eight ratings firms that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.2593.

Several research analysts have weighed in on the company. Barclays boosted their price objective on SentinelOne from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Jefferies Financial Group increased their price target on SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 29th. BTIG Research reaffirmed a "neutral" rating on shares of SentinelOne in a research report on Monday, August 25th. Morgan Stanley restated a "positive" rating on shares of SentinelOne in a research report on Tuesday, September 2nd. Finally, New Street Research set a $23.00 target price on SentinelOne in a report on Friday, August 29th.

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 11,098 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $207,421.62. Following the transaction, the insider owned 579,407 shares of the company's stock, valued at approximately $10,829,116.83. This trade represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ric Smith sold 24,515 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $458,185.35. Following the completion of the transaction, the insider directly owned 951,541 shares of the company's stock, valued at approximately $17,784,301.29. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,753 shares of company stock valued at $6,195,217 over the last 90 days. 4.33% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of SentinelOne by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after acquiring an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC grew its position in SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock valued at $192,218,000 after acquiring an additional 959,771 shares during the period. First Trust Advisors LP raised its position in shares of SentinelOne by 20.0% during the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company's stock worth $174,683,000 after purchasing an additional 1,589,845 shares during the period. Voya Investment Management LLC boosted its stake in shares of SentinelOne by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company's stock worth $146,841,000 after acquiring an additional 229,230 shares during the period. Finally, Legal & General Group Plc boosted its stake in SentinelOne by 17.5% in the second quarter. Legal & General Group Plc now owns 7,073,743 shares of the company's stock valued at $129,308,000 after buying an additional 1,053,340 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

NYSE:S traded down $0.23 during trading hours on Friday, reaching $18.97. 761,785 shares of the stock were exchanged, compared to its average volume of 5,923,543. SentinelOne has a twelve month low of $15.36 and a twelve month high of $29.29. The firm has a 50 day moving average of $17.91 and a 200 day moving average of $18.23. The stock has a market cap of $6.33 billion, a PE ratio of -14.38 and a beta of 0.78.

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.