Weiss Ratings Reaffirms Sell (E+) Rating for SentinelOne (NYSE:S)

Key Points

• Weiss Ratings has reaffirmed a Sell (E+) rating for SentinelOne's stock, indicating concerns about its performance.
• Despite the sell rating from Weiss, multiple analysts have issued buy ratings with price targets ranging from $21.00 to $29.00, showcasing a divided sentiment in the market.
• Insider trading activity shows notable sales, with insiders selling 395,336 shares over the last 90 days, suggesting potential caution among company executives.

SentinelOne (NYSE:S - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on the company. Guggenheim reiterated a "buy" rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday, August 29th. JMP Securities reiterated a "market outperform" rating and issued a $29.00 price objective on shares of SentinelOne in a report on Tuesday, September 9th. Westpark Capital reiterated a "buy" rating and issued a $25.00 price objective on shares of SentinelOne in a report on Friday, August 29th. UBS Group increased their price objective on SentinelOne from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein increased their price objective on SentinelOne from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.26.

SentinelOne Price Performance

Shares of NYSE S opened at $17.98 on Wednesday. The stock's 50-day moving average is $17.69 and its two-hundred day moving average is $18.15. SentinelOne has a 1-year low of $15.36 and a 1-year high of $29.29. The company has a market cap of $6.00 billion, a price-to-earnings ratio of -13.62 and a beta of 0.76.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 23,520 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $18.07, for a total transaction of $425,006.40. Following the transaction, the insider owned 928,021 shares in the company, valued at $16,769,339.47. The trade was a 2.47% 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, insider Keenan Michael Conder sold 11,098 shares of the business's stock in a transaction dated Monday, September 8th. The stock was 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 in the company, valued at approximately $10,829,116.83. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 395,336 shares of company stock valued at $7,184,807 in the last 90 days. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in SentinelOne during the first quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in SentinelOne during the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in SentinelOne by 513.3% during the first quarter. GAMMA Investing LLC now owns 1,938 shares of the company's stock valued at $35,000 after buying an additional 1,622 shares in the last quarter. First Horizon Advisors Inc. raised its stake in SentinelOne by 287.8% during the second quarter. First Horizon Advisors Inc. now owns 2,439 shares of the company's stock valued at $45,000 after buying an additional 1,810 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its stake in SentinelOne by 66.7% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 3,007 shares of the company's stock valued at $55,000 after buying an additional 1,203 shares in the last quarter. Institutional investors and hedge funds 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.

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