Jefferies Financial Group Upgrades SentinelOne (NYSE:S) to "Buy"

SentinelOne (NYSE:S - Get Free Report) was upgraded by stock analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat reports. The firm presently has a $30.00 price target on the stock, up from their previous price target of $27.00. Jefferies Financial Group's target price points to a potential upside of 34.35% from the company's current price.

Several other analysts also recently issued reports on S. Needham & Company LLC reissued a "buy" rating and issued a $32.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Sanford C. Bernstein cut their target price on SentinelOne from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. Guggenheim reissued a "buy" rating and set a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Piper Sandler raised shares of SentinelOne from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Monday, October 14th. Finally, Robert W. Baird boosted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SentinelOne presently has an average rating of "Moderate Buy" and a consensus price target of $29.44.

SentinelOne Price Performance

S traded up $0.28 during trading hours on Thursday, hitting $22.33. 6,048,093 shares of the stock were exchanged, compared to its average volume of 5,267,447. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -23.76 and a beta of 0.67. The stock has a 50-day simple moving average of $26.23 and a 200-day simple moving average of $23.33. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the company's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total value of $352,908.60. Following the transaction, the insider now owns 585,647 shares in the company, valued at $14,172,657.40. This represents a 2.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the sale, the chief executive officer now owns 1,039,497 shares of the company's stock, valued at approximately $24,345,019.74. This represents a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 418,999 shares of company stock worth $10,373,693. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in SentinelOne by 49.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after acquiring an additional 434 shares in the last quarter. Avior Wealth Management LLC raised its holdings 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 valued at $553,000 after purchasing an additional 898 shares in the last quarter. Straight Path Wealth Management boosted its holdings in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company's stock worth $453,000 after purchasing an additional 1,000 shares in the last quarter. Bullseye Asset Management LLC increased its position in SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company's stock worth $1,605,000 after buying an additional 1,000 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in SentinelOne by 17.4% during the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company's stock valued at $163,000 after buying an additional 1,012 shares in the last quarter. 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.