SentinelOne (NYSE:S) Receives "Buy" Rating from Westpark Capital

Key Points

• Westpark Capital has reiterated a "buy" rating for SentinelOne, setting a target price of $25.00, indicating a potential upside of 41.84% from its current stock price.
• Despite this positive outlook, some analysts have lowered their price targets, with Wells Fargo reducing its price objective from $22.00 to $18.00 and DA Davidson lowering theirs from $18.00 to $17.00.
• SentinelOne reported a quarterly revenue of $229.03 million, a year-over-year increase of 22.9%, while its earnings per share met expectations at $0.02.

SentinelOne (NYSE:S - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Westpark Capital in a note issued to investors on Friday,Benzinga reports. They currently have a $25.00 price target on the stock. Westpark Capital's price target would indicate a potential upside of 32.19% from the company's previous close.

Several other research analysts have also recently commented on S. UBS Group increased their price target on SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Friday. Susquehanna reduced their price target on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research report on Thursday, May 29th. Jefferies Financial Group increased their price target on SentinelOne from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. reissued 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. Finally, Bank of America reissued a "neutral" rating and set a $21.00 price target on shares of SentinelOne in a research report on Thursday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

SentinelOne Stock Up 7.4%

Shares of NYSE:S traded up $1.30 during mid-day trading on Friday, reaching $18.91. 19,336,839 shares of the stock were exchanged, compared to its average volume of 6,872,699. The company has a market cap of $6.29 billion, a P/E ratio of -14.33 and a beta of 0.78. SentinelOne has a one year low of $15.36 and a one year high of $29.29. The stock's 50 day simple moving average is $17.80 and its 200-day simple moving average is $18.59.

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

Insiders Place Their Bets

In other news, insider Ric Smith sold 15,163 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $16.68, for a total transaction of $252,918.84. Following the transaction, the insider owned 976,056 shares in the company, valued at approximately $16,280,614.08. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 31,916 shares of the 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 in the company, valued at approximately $25,972,962.60. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 133,730 shares of company stock valued at $2,366,017. Corporate insiders own 4.33% of the company's stock.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently made changes to their positions in the company. Rafferty Asset Management LLC increased its stake in shares of SentinelOne by 2.5% during the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock worth $470,000 after purchasing an additional 641 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of SentinelOne by 25.2% during the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company's stock worth $63,000 after purchasing an additional 692 shares during the period. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after purchasing an additional 724 shares during the period. Mission Creek Capital Partners Inc. increased its stake in shares of SentinelOne by 1.7% during the second quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company's stock worth $840,000 after purchasing an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC increased its stake in shares of SentinelOne by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company's stock worth $857,000 after purchasing an additional 768 shares during the period. Institutional investors own 90.87% of the company's stock.

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.