SentinelOne (NYSE:S) Now Covered by Analysts at Oppenheimer

Analysts at Oppenheimer began coverage on shares of SentinelOne (NYSE:S) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $32.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 47.47% from the company’s current price.

S has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price objective on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Westpark Capital reiterated a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Susquehanna raised their price objective on SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.48.

SentinelOne Stock Performance

Shares of S stock opened at $21.70 on Wednesday. The company’s 50 day moving average price is $24.95 and its two-hundred day moving average price is $23.92. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market capitalization of $6.97 billion, a P/E ratio of -23.09 and a beta of 0.74.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share 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 company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same period in the previous year, the company earned ($0.21) earnings per share. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at $28,169,917.83. This represents a 6.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the sale, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock worth $8,757,911 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in SentinelOne by 43.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock valued at $821,000 after acquiring an additional 11,800 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of SentinelOne by 12.7% in the second quarter. Victory Capital Management Inc. now owns 33,944 shares of the company’s stock valued at $715,000 after acquiring an additional 3,836 shares during the period. American Century Companies Inc. grew its position in SentinelOne by 3.6% during the second quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock worth $898,000 after buying an additional 1,470 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of SentinelOne during the 2nd quarter worth $36,237,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of SentinelOne by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after purchasing an additional 590,628 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.