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

SentinelOne (NYSE:S) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $30.00 target price on the stock, up from their previous target price of $27.00. Jefferies Financial Group’s target price points to a potential upside of 33.75% from the stock’s previous close.

Several other brokerages have also recently issued reports on S. Canaccord Genuity Group restated a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a research note on Friday, October 18th. Robert W. Baird lifted their price objective 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. Scotiabank upped their target price on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.44.

SentinelOne Trading Up 0.4 %

SentinelOne stock opened at $22.43 on Thursday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The stock has a 50-day moving average price of $26.23 and a 200 day moving average price of $23.33. The stock has a market cap of $7.21 billion, a PE ratio of -23.86 and a beta of 0.67.

SentinelOne (NYSE:S) last released its 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). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities analysts predict that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction on 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 of the company’s stock, valued at $14,172,657.40. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock worth $10,373,693 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of SentinelOne by 49.1% in the 2nd 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 during the last quarter. Avior Wealth Management LLC increased its stake in SentinelOne by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares during the period. Straight Path Wealth Management lifted its position in SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares during the last quarter. Bullseye Asset Management LLC boosted its stake in shares of SentinelOne by 1.5% during the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after purchasing an additional 1,000 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in shares of SentinelOne by 17.4% in the third quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after purchasing an additional 1,012 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

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.