SentinelOne (NYSE:S) Raised to “Overweight” at Piper Sandler

Piper Sandler upgraded shares of SentinelOne (NYSE:S) from a neutral rating to an overweight rating in a research note released on Monday, MarketBeat.com reports. They currently have $32.00 price target on the stock, up from their previous price target of $25.00.

Several other research analysts have also weighed in on S. Citigroup lifted their target price on SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Westpark Capital reissued a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Wedbush lifted their price target on shares of SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. The Goldman Sachs Group reissued a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Finally, Scotiabank boosted their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $25.99 on Monday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of -25.48 and a beta of 0.67. The firm has a fifty day moving average of $23.74 and a two-hundred day moving average of $21.80.

SentinelOne (NYSE:S) last released 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 business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity

In other news, CAO Robin Tomasello sold 5,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the sale, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at approximately $4,412,757.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $26,299,274.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the transaction, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock valued at $11,034,964 in the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA acquired a new position in SentinelOne in the 2nd quarter valued at $36,237,000. Vanguard Group Inc. grew its stake in shares of SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after acquiring an additional 1,694,407 shares in the last quarter. Eminence Capital LP increased its position in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after acquiring an additional 1,337,145 shares during the period. AXA S.A. acquired a new stake in SentinelOne in the 2nd quarter worth about $20,082,000. Finally, Sylebra Capital LLC boosted its holdings in SentinelOne by 15.9% in the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after purchasing an additional 838,818 shares during the period. Institutional investors and hedge funds 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.