Guggenheim Reiterates Buy Rating for SentinelOne (NYSE:S)

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

Other analysts also recently issued reports about the company. Needham & Company LLC cut their target price on SentinelOne from $31.00 to $25.00 and set a buy rating on the stock in a research note on Monday, June 3rd. Loop Capital cut their target price on SentinelOne from $30.00 to $25.00 and set a buy rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a hold rating to a buy rating and cut their target price for the company from $28.00 to $23.00 in a research note on Tuesday, June 4th. Sanford C. Bernstein raised their price target on SentinelOne from $34.00 to $37.00 and gave the stock an outperform rating in a research note on Thursday, March 14th. Finally, Susquehanna dropped their price target on SentinelOne from $35.00 to $22.00 and set a positive rating on the stock in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $24.48.

SentinelOne Stock Performance

Shares of NYSE:S opened at $21.05 on Tuesday. SentinelOne has a 52-week low of $13.87 and a 52-week high of $30.76. The firm has a market capitalization of $6.59 billion, a P/E ratio of -20.64 and a beta of 0.59. The stock has a 50 day moving average price of $20.11 and a 200-day moving average price of $23.68.

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). The firm had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) EPS. On average, equities analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $18.25, for a total transaction of $1,110,768.00. Following the completion of the transaction, the chief executive officer now owns 1,119,312 shares in the company, valued at $20,427,444. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SentinelOne news, CFO David J. Bernhardt sold 11,061 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 $191,355.30. Following the completion of the transaction, the chief financial officer now owns 517,298 shares in the company, valued at $8,949,255.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $18.25, for a total value of $1,110,768.00. Following the transaction, the chief executive officer now owns 1,119,312 shares of the company’s stock, valued at approximately $20,427,444. The disclosure for this sale can be found here. Over the last quarter, insiders sold 507,065 shares of company stock worth $10,055,772. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 1,694,407 shares during the period. First Trust Advisors LP boosted its holdings in shares of SentinelOne by 1.6% in the fourth quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock valued at $284,642,000 after purchasing an additional 162,846 shares during the period. Norges Bank bought a new position in SentinelOne in the fourth quarter worth approximately $228,872,000. Legal & General Group Plc raised its stake in SentinelOne by 9.1% in the third quarter. Legal & General Group Plc now owns 7,021,945 shares of the company’s stock worth $118,390,000 after buying an additional 584,079 shares in the last quarter. Finally, Sylebra Capital LLC raised its stake in SentinelOne by 15.9% in the first quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock worth $142,724,000 after buying an additional 838,818 shares in the last quarter. Hedge funds and other institutional investors 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.