SentinelOne (NYSE:S) Given Equal Weight Rating at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of SentinelOne (NYSE:S - Free Report) in a research report report published on Thursday morning, Marketbeat reports. The brokerage currently has a $18.00 price objective on the stock, down from their prior price objective of $22.00.

Several other research firms also recently weighed in on S. Roth Mkm started coverage on SentinelOne in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective for the company. Roth Capital set a $26.00 price objective on SentinelOne and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Robert W. Baird dropped their price objective on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. UBS Group set a $21.00 price objective on SentinelOne and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Bank of America reiterated a "neutral" rating and set a $21.00 target price on shares of SentinelOne in a report on Thursday. Ten research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Price Performance

Shares of S stock traded up $0.27 during trading hours on Thursday, reaching $17.66. 9,093,528 shares of the company's stock were exchanged, compared to its average volume of 5,141,173. The company has a market cap of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81. The company's 50 day moving average is $18.50 and its two-hundred day moving average is $21.58. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $228.39 million. The firm's revenue was up 22.9% compared to the same quarter last year. As a group, analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 20,188 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $394,675.40. Following the sale, the insider now directly owns 508,930 shares of the company's stock, valued at approximately $9,949,581.50. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $16.33, for a total value of $993,909.12. Following the sale, the chief executive officer now directly owns 1,581,396 shares in the company, valued at approximately $25,824,196.68. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,914 shares of company stock valued at $7,830,519 over the last three months. 4.33% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently modified their holdings of S. CENTRAL TRUST Co purchased a new stake in shares of SentinelOne during the first quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 556 shares during the last quarter. Avion Wealth purchased a new stake in shares of SentinelOne during the fourth quarter worth about $28,000. Arlington Trust Co LLC purchased a new stake in shares of SentinelOne during the fourth quarter worth about $33,000. Finally, Crewe Advisors LLC purchased a new stake in shares of SentinelOne during the fourth quarter worth about $33,000. 90.87% of the stock is owned by hedge funds and other 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.