SentinelOne (NYSE:S) Lifted to Strong-Buy at Wedbush

SentinelOne (NYSE:S - Get Free Report) was upgraded by Wedbush to a "strong-buy" rating in a report released on Thursday, Zacks.com reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group reissued a "neutral" rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, September 13th. Sanford C. Bernstein reduced their price target on shares of SentinelOne from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, August 28th. Baird R W upgraded shares of SentinelOne to a "strong-buy" rating in a research note on Monday, July 15th. DA Davidson lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Westpark Capital reissued a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, SentinelOne has a consensus rating of "Moderate Buy" and an average target price of $28.60.

SentinelOne Stock Up 1.3 %

SentinelOne stock traded up $0.34 during midday trading on Thursday, hitting $26.36. The company's stock had a trading volume of 4,790,818 shares, compared to its average volume of 5,373,923. SentinelOne has a 12 month low of $14.33 and a 12 month 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $198.94 million for the quarter, compared to analysts' expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm's revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) earnings per share. As a group, equities analysts anticipate that SentinelOne will post -0.73 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,583 shares of the business's stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the sale, the insider now owns 639,834 shares of the company's stock, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the sale, the insider now owns 639,834 shares of the company's stock, valued at approximately $15,061,692.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company's stock, valued at approximately $26,299,274.10. 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 worth $11,034,964 over the last quarter. Company insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company's stock worth $586,456,000 after buying an additional 1,694,407 shares during the period. Eminence Capital LP boosted its stake in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the last quarter. Sylebra Capital LLC grew its holdings in SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company's stock worth $142,424,000 after acquiring an additional 643,097 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SentinelOne by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company's stock valued at $77,299,000 after acquiring an additional 590,628 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of SentinelOne by 0.8% in the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company's stock valued at $55,374,000 after purchasing an additional 20,600 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

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.