SentinelOne (NYSE:S) Shares Gap Up – Still a Buy?

Shares of SentinelOne, Inc. (NYSE:S) gapped up before the market opened on Tuesday . The stock had previously closed at $27.88, but opened at $28.44. SentinelOne shares last traded at $27.91, with a volume of 776,477 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Susquehanna lifted their price target on SentinelOne from $22.00 to $28.00 and gave the company a “positive” rating in a research report on Thursday, September 5th. Barclays lifted their price target on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 price target on shares of SentinelOne in a research report on Friday, October 18th. Finally, Piper Sandler upgraded 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 report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Price Performance

The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of -30.18 and a beta of 0.65. The stock has a 50 day moving average price of $25.83 and a 200-day moving average price of $22.87.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same quarter last year, the business posted ($0.26) earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. As a group, research analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 70,655 shares of SentinelOne stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total value of $1,952,197.65. Following the sale, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after buying an additional 1,366 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of SentinelOne in the 3rd quarter valued at $67,000. Ashford Capital Management Inc. raised its holdings in shares of SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock valued at $15,750,000 after buying an additional 277,235 shares during the period. Geode Capital Management LLC raised its holdings in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after buying an additional 355,944 shares during the period. Finally, Sylebra Capital LLC raised its holdings in shares of SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the period. 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.