SentinelOne’s (S) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market outperform rating on shares of SentinelOne (NYSE:S) in a report published on Thursday, Benzinga reports. They currently have a $33.00 target price on the stock.

S has been the subject of several other research reports. Guggenheim increased their target price on SentinelOne from $26.00 to $32.00 and gave the company a buy rating in a research note on Wednesday, February 21st. Citigroup increased their target price on SentinelOne from $24.00 to $25.00 and gave the company a neutral rating in a research note on Wednesday, January 10th. Morgan Stanley increased their target price on SentinelOne from $27.00 to $29.00 and gave the company an overweight rating in a research note on Thursday. The Goldman Sachs Group increased their target price on SentinelOne from $19.00 to $28.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Finally, Susquehanna initiated coverage on SentinelOne in a research report on Friday, December 15th. They issued a positive rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of Hold and a consensus target price of $26.04.

SentinelOne Trading Up 4.9 %

S stock traded up $1.09 during mid-day trading on Thursday, hitting $23.18. The stock had a trading volume of 8,943,659 shares, compared to its average volume of 6,636,222. SentinelOne has a 1-year low of $12.43 and a 1-year high of $30.76. The company has a fifty day moving average of $26.90 and a 200 day moving average of $21.90. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of -19.98 and a beta of 0.71.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. SentinelOne had a negative return on equity of 18.83% and a negative net margin of 54.53%. The company had revenue of $174.18 million for the quarter, compared to analyst estimates of $169.40 million. During the same period in the prior year, the firm posted ($0.30) EPS. The business’s revenue was up 38.1% compared to the same quarter last year. As a group, sell-side analysts expect that SentinelOne will post -0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.46, for a total value of $1,158,547.90. Following the transaction, the chief executive officer now directly owns 807,430 shares of the company’s stock, valued at $19,749,737.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Ric Smith sold 24,751 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $27.80, for a total value of $688,077.80. Following the transaction, the insider now directly owns 457,581 shares of the company’s stock, valued at $12,720,751.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.46, for a total transaction of $1,158,547.90. Following the completion of the transaction, the chief executive officer now directly owns 807,430 shares in the company, valued at $19,749,737.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 930,108 shares of company stock valued at $22,639,222. 5.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the business. Evoke Wealth LLC grew its stake in SentinelOne by 0.3% during the fourth quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock worth $3,884,000 after buying an additional 378 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in SentinelOne by 3.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after buying an additional 519 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in SentinelOne by 3.8% during the first quarter. Commonwealth Equity Services LLC now owns 18,039 shares of the company’s stock worth $295,000 after buying an additional 653 shares in the last quarter. Sei Investments Co. grew its stake in SentinelOne by 1.0% during the fourth quarter. Sei Investments Co. now owns 72,447 shares of the company’s stock worth $1,057,000 after buying an additional 723 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in SentinelOne by 4.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,618 shares of the company’s stock worth $456,000 after buying an additional 755 shares in the last quarter. 71.33% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.