SentinelOne (NYSE:S) Shares Gap Up – Time to Buy?

SentinelOne, Inc. (NYSE:S)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $27.88, but opened at $28.44. SentinelOne shares last traded at $27.91, with a volume of 776,477 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Scotiabank raised their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. DA Davidson increased their price target on SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Sanford C. Bernstein lowered their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average price target of $28.73.

SentinelOne Price Performance

The company has a market cap of $8.83 billion, a P/E ratio of -29.98 and a beta of 0.65. The company’s 50-day moving average price is $25.77 and its 200-day moving average price is $22.82.

SentinelOne (NYSE:S) last issued its quarterly 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 analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, equities research analysts predict that SentinelOne, Inc. will post -0.73 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the transaction, the chief financial officer now owns 477,781 shares of the company’s stock, valued at $10,224,513.40. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the sale, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,125 shares of company stock worth $10,367,734. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after buying an additional 58,000 shares during the last quarter. NorthRock Partners LLC acquired a new stake in SentinelOne during the 3rd quarter valued at $5,227,000. Sycomore Asset Management boosted its position in SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of SentinelOne in the third quarter valued at $2,392,000. Finally, Banco Santander S.A. bought a new position in shares of SentinelOne in the third quarter valued at about $5,002,000. 90.87% of the stock is owned by institutional investors.

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.