SentinelOne (NYSE:S) Now Covered by Oppenheimer

Oppenheimer initiated coverage on shares of SentinelOne (NYSE:S - Free Report) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $32.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Guggenheim reiterated a "buy" rating and issued a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Canaccord Genuity Group reiterated a "buy" rating and issued a $30.00 price objective on shares of SentinelOne in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, November 29th. DA Davidson raised their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Piper Sandler raised shares of SentinelOne from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SentinelOne currently has an average rating of "Moderate Buy" and an average target price of $29.48.

SentinelOne Stock Performance

Shares of NYSE:S remained flat at $21.73 during trading on Wednesday. 4,222,875 shares of the stock were exchanged, compared to its average volume of 3,940,254. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The business's 50 day moving average is $24.95 and its two-hundred day moving average is $23.92. The stock has a market capitalization of $6.98 billion, a PE ratio of -23.12 and a beta of 0.74.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period last year, the company posted ($0.21) EPS. The business's revenue was up 28.3% compared to the same quarter last year. As a group, research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company's stock, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares of the company's stock, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 358,135 shares of company stock worth $8,757,911. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently modified their holdings of the stock. KBC Group NV boosted its position in SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company's stock worth $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of SentinelOne during the 3rd quarter valued at approximately $4,816,000. NorthRock Partners LLC bought a new position in SentinelOne in the 3rd quarter worth approximately $5,227,000. Charles Schwab Investment Management Inc. grew its stake in SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company's stock valued at $62,129,000 after buying an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management raised its holdings in SentinelOne by 40.4% during the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company's stock valued at $5,537,000 after acquiring an additional 83,060 shares during the period. 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.