SentinelOne (NYSE:S) Upgraded by Jefferies Financial Group to Buy Rating

Jefferies Financial Group upgraded shares of SentinelOne (NYSE:S) from a hold rating to a buy rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has $30.00 price target on the stock, up from their previous price target of $27.00.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird lifted their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Scotiabank boosted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. Wedbush raised SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.44.

SentinelOne Stock Up 1.3 %

S opened at $22.33 on Thursday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The business’s 50 day moving average is $26.23 and its two-hundred day moving average is $23.33. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of -23.76 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the business posted ($0.21) earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 418,999 shares of company stock valued at $10,373,693 over the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Waldron Private Wealth LLC purchased a new position in SentinelOne in the third quarter valued at about $26,000. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the second quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised 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 valued at $28,000 after buying an additional 434 shares during the period. Capital Performance Advisors LLP acquired a new position in SentinelOne during the 3rd quarter worth approximately $55,000. Finally, Huntington National Bank boosted its holdings in SentinelOne by 287.9% in the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,765 shares during the period. 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.