SentinelOne (NYSE:S) Earns "Overweight" Rating from Stephens

SentinelOne (NYSE:S - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the stock. Stephens' target price would indicate a potential upside of 43.60% from the stock's current price.

S has been the topic of several other research reports. Canaccord Genuity Group lowered their target price on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Morgan Stanley lowered their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Jefferies Financial Group lowered their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $24.00 price objective on shares of SentinelOne in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.77.

SentinelOne Stock Down 11.5%

S stock traded down $2.26 on Tuesday, reaching $17.41. 26,082,417 shares of the company's stock were exchanged, compared to its average volume of 5,143,305. The stock has a fifty day moving average of $18.61 and a 200-day moving average of $21.71. SentinelOne has a twelve month low of $14.33 and a twelve month high of $29.29. The firm has a market cap of $5.74 billion, a PE ratio of -18.52 and a beta of 0.81.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. The company's quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, insider Ric Smith sold 31,659 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total transaction of $604,686.90. Following the transaction, the insider now directly owns 477,271 shares in the company, valued at $9,115,876.10. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 39,477 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the transaction, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Large investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co bought a new position in SentinelOne during the first quarter worth $26,000. Smartleaf Asset Management LLC lifted its stake in SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares during the last quarter. Avion Wealth bought a new stake in SentinelOne in the fourth quarter valued at $28,000. Crewe Advisors LLC bought a new stake in SentinelOne in the fourth quarter valued at $33,000. Finally, Arlington Trust Co LLC bought a new stake in SentinelOne in the fourth quarter valued at $33,000. 90.87% of the stock is currently owned by institutional investors.

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.