SentinelOne’s (S) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of SentinelOne (NYSE:S) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $23.00 target price on the stock.

Other analysts have also issued research reports about the stock. Citigroup reduced their price target on shares of SentinelOne from $25.00 to $20.00 and set a neutral rating on the stock in a research report on Wednesday, June 5th. Scotiabank reduced their target price on shares of SentinelOne from $25.00 to $18.00 and set a sector perform rating on the stock in a report on Monday, June 3rd. Canaccord Genuity Group raised SentinelOne from a hold rating to a buy rating and reduced their price target for the company from $28.00 to $23.00 in a research report on Tuesday, June 4th. Needham & Company LLC reduced their price objective on shares of SentinelOne from $31.00 to $25.00 and set a buy rating on the stock in a report on Monday, June 3rd. Finally, Morgan Stanley lowered their price target on SentinelOne from $29.00 to $25.00 and set an overweight rating for the company in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $24.48.

SentinelOne Price Performance

NYSE:S opened at $20.75 on Tuesday. The company has a 50 day moving average price of $20.09 and a 200-day moving average price of $23.70. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of -20.34 and a beta of 0.59. SentinelOne has a 1-year low of $13.87 and a 1-year high of $30.76.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same quarter last year, the business earned ($0.35) EPS. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the sale, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the sale, the insider now owns 5,025 shares in the company, valued at approximately $116,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $86,880.60. Following the sale, the chief accounting officer now owns 198,174 shares of the company’s stock, valued at $3,428,410.20. The disclosure for this sale can be found here. In the last three months, insiders sold 507,065 shares of company stock worth $10,055,772. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of S. Newbridge Financial Services Group Inc. acquired a new position in shares of SentinelOne in the 4th quarter valued at about $30,000. Acadian Asset Management LLC bought a new stake in shares of SentinelOne during the 3rd quarter worth about $38,000. Cary Street Partners Investment Advisory LLC acquired a new stake in SentinelOne in the third quarter worth approximately $55,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne during the first quarter valued at about $80,000. Finally, Advisors Asset Management Inc. boosted its position in shares of SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

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.