SentinelOne (NYSE:S) Coverage Initiated by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC assumed coverage on shares of SentinelOne (NYSE:S) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 21.40% from the company’s current price.

S has been the subject of several other research reports. JMP Securities reiterated a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a research note on Wednesday, August 28th. Robert W. Baird increased their price objective on SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $32.00 in a report on Monday, October 14th. Morgan Stanley increased their price target on SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Barclays boosted their price objective on shares of SentinelOne from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Stock Up 1.3 %

NYSE:S opened at $26.36 on Thursday. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76. The stock’s 50 day moving average price is $23.92 and its 200 day moving average price is $21.85. The company has a market capitalization of $8.25 billion, a PE ratio of -25.84 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) EPS. As a group, sell-side analysts anticipate that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other news, CAO Robin Tomasello sold 5,022 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the sale, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the sale, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock valued at $11,034,964 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in S. Blue Trust Inc. acquired a new stake in SentinelOne in the 2nd quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in SentinelOne in the second quarter valued at approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in SentinelOne during the first quarter worth approximately $80,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.