Cantor Fitzgerald Begins Coverage on SentinelOne (NYSE:S)

Cantor Fitzgerald assumed coverage on shares of SentinelOne (NYSE:S - Free Report) in a report published on Thursday,Benzinga reports. The firm issued an overweight rating and a $30.00 price target on the stock.

S has been the subject of a number of other reports. DA Davidson increased their price target on SentinelOne from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Sanford C. Bernstein dropped their target price on SentinelOne from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and set a $32.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Morgan Stanley reiterated an "equal weight" rating and issued a $29.00 price objective on shares of SentinelOne in a report on Monday, December 2nd. Finally, Guggenheim reissued a "buy" rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.46.

SentinelOne Stock Performance

Shares of SentinelOne stock traded up $0.07 on Thursday, reaching $22.55. 3,781,914 shares of the stock were exchanged, compared to its average volume of 3,964,865. The firm has a market cap of $7.25 billion, a PE ratio of -23.99 and a beta of 0.74. The firm's 50 day moving average is $25.17 and its 200-day moving average is $23.82. SentinelOne has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share 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 the consensus estimate of $209.73 million. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The firm's revenue for the quarter was up 28.3% on a year-over-year basis. On average, equities research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $266,831.25. Following the completion of the transaction, the chief executive officer now directly owns 1,029,332 shares in the company, valued at $27,019,965. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the transaction, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 358,135 shares of company stock worth $8,757,911. Company insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Commonwealth Equity Services LLC grew its position in SentinelOne by 43.4% during the second quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company's stock valued at $821,000 after buying an additional 11,800 shares during the period. National Bank of Canada FI grew its position in shares of SentinelOne by 92.7% during the 2nd quarter. National Bank of Canada FI now owns 4,158 shares of the company's stock valued at $85,000 after acquiring an additional 2,000 shares during the period. Victory Capital Management Inc. increased its stake in shares of SentinelOne by 12.7% during the 2nd quarter. Victory Capital Management Inc. now owns 33,944 shares of the company's stock worth $715,000 after purchasing an additional 3,836 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of SentinelOne by 16.2% in the 2nd quarter. Arizona State Retirement System now owns 75,491 shares of the company's stock worth $1,589,000 after purchasing an additional 10,547 shares during the period. Finally, American Century Companies Inc. lifted its stake in SentinelOne by 3.6% in the second quarter. American Century Companies Inc. now owns 42,646 shares of the company's stock valued at $898,000 after purchasing an additional 1,470 shares during the last quarter. 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.