SentinelOne (NYSE:S) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

SentinelOne (NYSE:S) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Finviz reports. The brokerage presently has a $32.00 target price on the stock, up from their previous target price of $25.00. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 17.73% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Citigroup increased their target price on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Barclays upped their price target on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $30.00 target price on shares of SentinelOne in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $28.73.

SentinelOne Price Performance

S stock opened at $27.18 on Tuesday. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of -29.23 and a beta of 0.65. The company has a fifty day moving average price of $24.76 and a two-hundred day moving average price of $22.40. SentinelOne has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. SentinelOne’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. Research analysts anticipate that SentinelOne will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,584 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other SentinelOne news, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $266,831.25. Following the completion of the sale, the chief executive officer now owns 1,029,332 shares in the company, valued at approximately $27,019,965. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 361,470 shares of company stock valued at $8,415,537 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SentinelOne by 38.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 173,565 shares of the company’s stock worth $4,152,000 after buying an additional 48,289 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in SentinelOne in the third quarter worth approximately $8,800,000. Avior Wealth Management LLC boosted its stake in shares of SentinelOne by 4.0% during the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in SentinelOne during the third quarter valued at approximately $2,094,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of SentinelOne during the third quarter valued at approximately $415,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

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.