SentinelOne (NYSE:S) Given Buy Rating at Westpark Capital

Westpark Capital restated their buy rating on shares of SentinelOne (NYSE:S) in a research note issued to investors on Monday, Benzinga reports. Westpark Capital currently has a $34.00 price target on the stock.

Several other analysts also recently issued reports on S. Citigroup cut their price target on SentinelOne from $25.00 to $20.00 and set a neutral rating on the stock in a report on Wednesday, June 5th. Canaccord Genuity Group raised SentinelOne from a hold rating to a buy rating and cut their price target for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. Morgan Stanley raised their price target on SentinelOne from $25.00 to $27.00 and gave the stock an overweight rating in a report on Friday, August 16th. Needham & Company LLC raised their price target on SentinelOne from $25.00 to $29.00 and gave the stock a buy rating in a report on Monday. Finally, Canaccord Genuity Group raised SentinelOne from a hold rating to a buy rating and cut their price target for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $27.28.

SentinelOne Stock Down 0.7 %

NYSE:S opened at $24.27 on Monday. The business’s 50 day moving average is $21.83 and its two-hundred day moving average is $22.40. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market cap of $7.59 billion, a PE ratio of -23.79 and a beta of 0.66.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The company had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. SentinelOne’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.26) EPS. As a group, sell-side analysts expect that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the transaction, the insider now directly owns 666,419 shares in the company, valued at approximately $11,529,048.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Tomer Weingarten sold 38,607 shares of SentinelOne stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $667,901.10. Following the transaction, the chief executive officer now directly owns 1,140,564 shares in the company, valued at approximately $19,731,757.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the transaction, the insider now owns 666,419 shares in the company, valued at $11,529,048.70. The disclosure for this sale can be found here. Insiders have sold 610,851 shares of company stock worth $12,036,747 in the last three months. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of SentinelOne during the fourth quarter valued at $228,872,000. Trivest Advisors Ltd purchased a new position in shares of SentinelOne during the fourth quarter valued at $143,273,000. Eminence Capital LP grew its holdings in shares of SentinelOne by 89.7% during the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after buying an additional 2,569,781 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne during the second quarter valued at $36,237,000. Finally, Vanguard Group Inc. grew its holdings in shares of SentinelOne by 7.2% during the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.