Bank of America Reiterates Neutral Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Bank of America in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a $21.00 target price on the stock. Bank of America's price objective would suggest a potential upside of 18.91% from the stock's previous close.

Several other equities analysts also recently issued reports on S. Roth Capital set a $26.00 price objective on SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley cut their target price 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. Jefferies Financial Group cut their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Scotiabank cut their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Finally, Roth Mkm initiated coverage on SentinelOne in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 target price for the company. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and a consensus price target of $24.77.

SentinelOne Price Performance

Shares of NYSE S traded up $0.27 during midday trading on Thursday, hitting $17.66. 9,093,528 shares of the company's stock were exchanged, compared to its average volume of 5,141,173. The stock's 50 day moving average price is $18.50 and its 200-day moving average price is $21.58. The firm has a market cap of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business 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 15.80% and a negative net margin of 37.61%. SentinelOne's quarterly revenue was up 22.9% on a year-over-year basis. On average, analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 81,619 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total value of $1,598,916.21. Following the completion of the sale, the chief executive officer now owns 879,494 shares in the company, valued at approximately $17,229,287.46. This trade represents a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 3,187 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $18.54, for a total transaction of $59,086.98. Following the completion of the sale, the insider now owns 1,058,025 shares of the company's stock, valued at approximately $19,615,783.50. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after purchasing an additional 556 shares during the period. Avion Wealth bought a new position in SentinelOne during the fourth quarter worth about $28,000. CENTRAL TRUST Co bought a new position in SentinelOne during the first quarter worth about $26,000. Crewe Advisors LLC bought a new position in SentinelOne during the fourth quarter worth about $33,000. Finally, Arlington Trust Co LLC bought a new position in SentinelOne during the fourth quarter worth about $33,000. 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.