SentinelOne’s (S) Buy Rating Reiterated at Westpark Capital

SentinelOne (NYSE:S)‘s stock had its “buy” rating reissued by equities researchers at Westpark Capital in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $25.00 target price on the stock. Westpark Capital’s price objective would suggest a potential upside of 69.94% from the stock’s previous close.

A number of other brokerages also recently commented on S. Scotiabank upped their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, August 29th. Bank of America dropped their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday. Guggenheim reissued a “buy” rating and set a $28.00 price target on shares of SentinelOne in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of SentinelOne in a report on Friday. Finally, Cantor Fitzgerald dropped their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $22.53.

SentinelOne Price Performance

Shares of S stock traded down $2.26 during midday trading on Friday, hitting $14.71. The company had a trading volume of 18,261,194 shares, compared to its average volume of 5,908,452. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -11.16 and a beta of 0.76. The company’s 50 day simple moving average is $17.00 and its 200 day simple moving average is $17.71. SentinelOne has a 52-week low of $14.48 and a 52-week high of $26.00.

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

Insider Buying and Selling at SentinelOne

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of SentinelOne by 27.2% in the 1st quarter. Cetera Investment Advisers now owns 49,575 shares of the company’s stock worth $901,000 after buying an additional 10,616 shares in the last quarter. LPL Financial LLC increased its holdings in SentinelOne by 2.3% during the 1st quarter. LPL Financial LLC now owns 130,558 shares of the company’s stock valued at $2,374,000 after acquiring an additional 2,892 shares in the last quarter. Vanguard Group Inc. raised its position in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock worth $567,214,000 after acquiring an additional 1,318,533 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of SentinelOne by 0.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,648,740 shares of the company’s stock valued at $48,154,000 after purchasing an additional 10,543 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of SentinelOne by 3.0% in the first quarter. Deutsche Bank AG now owns 900,381 shares of the company’s stock valued at $16,369,000 after purchasing an additional 26,528 shares in the last quarter. Hedge funds and other 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.