SentinelOne (NYSE:S) Receives Equal Weight Rating from Wells Fargo & Company

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

A number of other research firms have also recently commented on S. Barclays cut their price objective on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $24.00 price target on shares of SentinelOne in a report on Friday, May 23rd. Sanford C. Bernstein decreased their price objective on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of SentinelOne from $33.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Roth Capital set a $26.00 price target on shares of SentinelOne and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Stock Performance

Shares of S traded down $0.44 during trading hours on Thursday, hitting $17.18. The stock had a trading volume of 4,340,500 shares, compared to its average volume of 5,042,821. SentinelOne has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm has a 50-day moving average price of $18.50 and a 200 day moving average price of $21.49. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of -18.26 and a beta of 0.81.

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

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 shares of SentinelOne 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 sale, the chief executive officer now owns 900,249 shares in the company, valued at $17,599,867.95. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Barbara A. Larson sold 10,172 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the transaction, the chief financial officer now owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,914 shares of company stock worth $7,830,519 in the last 90 days. Insiders own 4.33% of the company's stock.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of S. Barclays PLC increased its holdings in SentinelOne by 121.9% in the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after purchasing an additional 178,685 shares during the last quarter. KBC Group NV grew its stake in shares of SentinelOne by 5.5% in the fourth quarter. KBC Group NV now owns 69,023 shares of the company's stock valued at $1,532,000 after buying an additional 3,568 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of SentinelOne by 31.3% in the fourth quarter. Pacer Advisors Inc. now owns 6,842 shares of the company's stock valued at $152,000 after buying an additional 1,630 shares in the last quarter. Swedbank AB raised its holdings in shares of SentinelOne by 8.0% in the 4th quarter. Swedbank AB now owns 2,700,000 shares of the company's stock valued at $59,940,000 after buying an additional 200,000 shares during the period. Finally, Washington Capital Management Inc. acquired a new position in SentinelOne during the 4th quarter worth about $537,000. 90.87% of the stock is currently 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.