Rosenblatt Securities Reiterates “Buy” Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $24.00 price target on the stock. Rosenblatt Securities’ price target indicates a potential upside of 41.59% from the stock’s previous close.

A number of other research firms have also commented on S. Morgan Stanley reiterated a “positive” rating on shares of SentinelOne in a research report on Tuesday, September 2nd. DA Davidson upped their target price on SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Citigroup reissued a “market outperform” rating on shares of SentinelOne in a research report on Friday. Berenberg Bank began coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. Finally, UBS Group upped their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.11.

SentinelOne Stock Performance

Shares of NYSE S opened at $16.95 on Friday. The firm has a 50 day moving average price of $17.00 and a two-hundred day moving average price of $17.71. The stock has a market cap of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76. SentinelOne has a 52-week low of $15.17 and a 52-week high of $26.64.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. Analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CAO Robin Tomasello sold 3,476 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total value of $57,562.56. Following the completion of the sale, the chief accounting officer directly owned 294,060 shares in the company, valued at approximately $4,869,633.60. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 90,100 shares of SentinelOne stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.47, for a total transaction of $1,483,947.00. Following the completion of the sale, the chief executive officer directly owned 1,251,780 shares of the company’s stock, valued at approximately $20,616,816.60. This trade represents a 6.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 481,090 shares of company stock worth $8,637,206 over the last ninety days. 4.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after acquiring an additional 2,191,321 shares in the last quarter. Sylebra Capital LLC grew its position in SentinelOne by 10.0% in the 1st quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock valued at $192,218,000 after purchasing an additional 959,771 shares during the period. First Trust Advisors LP grew its position in SentinelOne by 20.0% in the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after purchasing an additional 1,589,845 shares during the period. Legal & General Group Plc increased its stake in SentinelOne by 16.0% during the 3rd quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock valued at $144,505,000 after purchasing an additional 1,132,121 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in SentinelOne by 2.9% during the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock worth $146,841,000 after buying an additional 229,230 shares during the last quarter. 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.