SentinelOne (NYSE:S) Upgraded to "Strong-Buy" at Rosenblatt Securities

SentinelOne (NYSE:S - Get Free Report) was upgraded by equities researchers at Rosenblatt Securities to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on S. UBS Group reduced their price target on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Stephens reissued an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a report on Tuesday, May 27th. DA Davidson lowered their price objective on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Sanford C. Bernstein reduced their target price on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Finally, Susquehanna cut their price target on SentinelOne from $25.00 to $24.00 and set a "positive" rating for the company in a research note on Thursday, May 29th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.80.

SentinelOne Price Performance

NYSE:S traded up $0.31 during trading hours on Thursday, hitting $18.03. 6,613,762 shares of the company were exchanged, compared to its average volume of 5,136,064. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of -13.66 and a beta of 0.77. SentinelOne has a 52-week low of $15.36 and a 52-week high of $29.29. The company's 50 day moving average price is $18.43 and its 200-day moving average price is $19.78.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm's revenue was up 22.9% on a year-over-year basis. On average, equities analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Keenan Michael Conder sold 11,097 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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 in the company, valued at $10,900,948.96. The trade was a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $17.82, for a total transaction of $1,084,596.48. Following the completion of the sale, the chief executive officer directly owned 1,581,396 shares of the company's stock, valued at approximately $28,180,476.72. This trade represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,347 shares of company stock valued at $3,464,807 over the last three months. Corporate insiders own 4.33% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co purchased a new position in shares of SentinelOne in the first quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of SentinelOne in the fourth quarter valued at approximately $38,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of SentinelOne in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC grew its holdings in SentinelOne by 513.3% during the 1st quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in SentinelOne by 94.0% during the 1st quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after acquiring an additional 942 shares in the last quarter. Hedge funds and other 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.