SentinelOne (NYSE:S) Shares Gap Up – Should You Buy?

SentinelOne, Inc. (NYSE:S)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $22.05, but opened at $23.25. SentinelOne shares last traded at $22.85, with a volume of 1,015,363 shares changing hands.

Analysts Set New Price Targets

S has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Guggenheim reiterated a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. BTIG Research boosted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Finally, Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.44.

SentinelOne Stock Performance

The business has a fifty day moving average of $26.23 and a two-hundred day moving average of $23.33. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) EPS. As a group, sell-side analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the sale, the insider now directly owns 585,647 shares in the company, valued at approximately $15,390,803.16. This trade represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 418,999 shares of company stock valued at $10,373,693. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Large investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $27,000. Raymond James & Associates grew its stake in shares of SentinelOne by 22.6% during the second quarter. Raymond James & Associates now owns 308,226 shares of the company’s stock worth $6,488,000 after buying an additional 56,888 shares during the last quarter. EFG Asset Management North America Corp. increased its holdings in shares of SentinelOne by 47.2% during the second quarter. EFG Asset Management North America Corp. now owns 54,345 shares of the company’s stock worth $1,145,000 after buying an additional 17,432 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SentinelOne by 17.8% during the second quarter. Bank of New York Mellon Corp now owns 1,642,664 shares of the company’s stock worth $34,578,000 after buying an additional 247,840 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted 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 acquiring an additional 434 shares during the last quarter. Institutional investors and hedge funds 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.