SentinelOne (NYSE:S) Raised to "Buy" at Deutsche Bank Aktiengesellschaft

SentinelOne (NYSE:S - Get Free Report) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a $32.00 price objective on the stock, up from their previous price objective of $25.00. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 15.40% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Susquehanna upped their price target on shares of SentinelOne from $22.00 to $28.00 and gave the company a "positive" rating in a report on Thursday, September 5th. Loop Capital raised their target price on shares of SentinelOne from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. JMP Securities reissued a "market outperform" rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. Needham & Company LLC assumed coverage on shares of SentinelOne in a report on Thursday, October 17th. They set a "buy" rating and a $32.00 price target on the stock. Finally, Barclays lifted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.73.

SentinelOne Price Performance

S traded up $0.55 during trading on Tuesday, hitting $27.73. The company's stock had a trading volume of 2,912,166 shares, compared to its average volume of 5,209,119. The stock has a market cap of $8.80 billion, a PE ratio of -29.60 and a beta of 0.65. The firm's 50 day moving average price is $24.76 and its 200-day moving average price is $22.40. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter in the prior year, the business posted ($0.26) EPS. The company's revenue for the quarter was up 33.1% on a year-over-year basis. Equities analysts anticipate that SentinelOne will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 10,165 shares of the company'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 $266,831.25. Following the completion of the transaction, the chief executive officer now owns 1,029,332 shares in the company, valued at $27,019,965. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Tomer Weingarten sold 10,165 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $266,831.25. Following the completion of the sale, the chief executive officer now directly owns 1,029,332 shares of the company's stock, valued at approximately $27,019,965. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,584 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.99, for a total transaction of $335,286.16. Following the transaction, the insider now owns 636,699 shares in the company, valued at approximately $14,637,710.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,470 shares of company stock valued at $8,415,537. 5.60% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the company. Champlain Investment Partners LLC acquired a new position in SentinelOne during the 3rd quarter worth $80,604,000. Massachusetts Financial Services Co. MA acquired a new position in SentinelOne during the second quarter valued at approximately $36,237,000. Vanguard Group Inc. increased its holdings in shares of SentinelOne by 7.2% during the first 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 in the last quarter. Eminence Capital LP increased its holdings 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 purchasing an additional 1,337,145 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in SentinelOne during the third quarter valued at $30,972,000. 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.