SentinelOne’s (S) “Buy” Rating Reiterated at Needham & Company LLC

by · The Cerbat Gem

SentinelOne (NYSE:S – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They currently have a $21.00 target price on the stock. Needham & Company LLC’s price objective points to a potential upside of 39.91% from the company’s current price.

S has been the topic of several other reports. Scotiabank increased their price objective on shares of SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a report on Friday, August 29th. Canaccord Genuity Group dropped their price target on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Piper Sandler cut their price target on shares of SentinelOne from $28.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. UBS Group lifted their price target on shares of SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Finally, Citigroup reissued a “market outperform” rating on shares of SentinelOne in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.43.

View Our Latest Stock Report on SentinelOne

SentinelOne Stock Down 1.5%

S stock opened at $15.01 on Friday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of -12.01 and a beta of 0.76. SentinelOne has a 52-week low of $14.48 and a 52-week high of $25.24. The stock’s fifty day simple moving average is $16.71 and its 200-day simple moving average is $17.54.

SentinelOne (NYSE:S – Get Free Report) last released its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same period in the prior year, the firm posted ($0.25) earnings per share. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Keenan Michael Conder sold 8,311 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $121,174.38. Following the completion of the sale, the insider directly owned 565,225 shares of the company’s stock, valued at approximately $8,240,980.50. This represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Barbara A. Larson sold 54,583 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 267,475 shares of company stock worth $4,481,668. Insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. IFP Advisors Inc lifted its position in shares of SentinelOne by 42.4% during the third quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock worth $239,000 after purchasing an additional 4,049 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new position in shares of SentinelOne in the third quarter valued at $239,000. Strategic Advocates LLC acquired a new stake in SentinelOne during the 3rd quarter valued at $26,000. Finally, Sunbelt Securities Inc. increased its stake in SentinelOne by 263.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,717 shares of the company’s stock worth $277,000 after buying an additional 11,392 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

About SentinelOne

(Get Free Report)

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.

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