SentinelOne, Inc. (NYSE:S) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SentinelOne, Inc. (NYSE:S) has been given an average rating of “Moderate Buy” by the thirty analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.5345.

Several equities research analysts have recently commented on the stock. Bank of America decreased their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. JPMorgan Chase & Co. cut their price target on SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Citizens Jmp set a $23.00 price objective on SentinelOne in a research note on Friday, December 5th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a report on Friday, December 5th. Finally, Cantor Fitzgerald decreased their price target on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Monday, November 24th.

SentinelOne Stock Down 4.7%

Shares of NYSE:S opened at $12.36 on Tuesday. SentinelOne has a twelve month low of $12.23 and a twelve month high of $22.17. The stock’s 50 day moving average is $14.25 and its 200-day moving average is $16.10. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -9.88 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The business had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same quarter in the previous year, the business posted ($0.25) EPS. SentinelOne’s quarterly revenue was up 22.9% on a year-over-year basis. Equities research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ana G. Pinczuk sold 11,900 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $176,358.00. Following the transaction, the insider directly owned 560,589 shares in the company, valued at approximately $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Peek acquired 40,000 shares of SentinelOne stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $14.89 per share, with a total value of $595,600.00. Following the completion of the transaction, the director directly owned 120,000 shares in the company, valued at $1,786,800. This represents a 50.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 331,694 shares of company stock worth $4,849,673. Company insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. grew its holdings in shares of SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after acquiring an additional 692 shares in the last quarter. Allworth Financial LP boosted its position in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares during the last quarter. Diversify Advisory Services LLC grew its stake in SentinelOne by 3.5% in the 4th quarter. Diversify Advisory Services LLC now owns 22,492 shares of the company’s stock valued at $313,000 after purchasing an additional 753 shares during the period. Mission Creek Capital Partners Inc. increased its position in shares of SentinelOne by 1.7% during the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock valued at $840,000 after purchasing an additional 760 shares during the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in shares of SentinelOne by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock worth $857,000 after purchasing an additional 768 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.