Wedbush Upgrades SentinelOne (NYSE:S) to “Strong-Buy”

SentinelOne (NYSE:S) was upgraded by stock analysts at Wedbush to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Guggenheim reaffirmed a “buy” rating and issued a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $25.00 to $32.00 in a report on Monday, October 14th. BTIG Research boosted their price target on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Barclays increased their price objective on SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average price target of $28.60.

SentinelOne Stock Performance

NYSE S opened at $26.36 on Thursday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The stock has a market capitalization of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67. The stock has a fifty day moving average of $23.92 and a 200-day moving average of $21.85.

SentinelOne (NYSE:S) last issued its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter last year, the firm earned ($0.26) EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Equities research analysts forecast that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $208,992.40. Following the completion of the sale, the chief executive officer now directly owns 1,109,147 shares in the company, valued at approximately $22,804,062.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Ric Smith sold 23,567 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the sale, the insider now owns 585,647 shares in the company, valued at approximately $12,819,812.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $208,992.40. Following the transaction, the chief executive officer now owns 1,109,147 shares of the company’s stock, valued at approximately $22,804,062.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 489,850 shares of company stock worth $11,034,964. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently modified their holdings of S. Blue Trust Inc. bought a new position in SentinelOne in the second quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in shares of SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Unique Wealth Strategies LLC acquired a new position in SentinelOne during the 2nd quarter worth approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne in the 1st quarter valued at approximately $80,000. 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.