SentinelOne (NYSE:S) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of SentinelOne (NYSE:S) in a research note released on Thursday,Benzinga reports. The brokerage issued an overweight rating and a $30.00 price objective on the stock.

Other research analysts have also issued reports about the company. Robert W. Baird raised their price target on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Jefferies Financial Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and increased their price target for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Susquehanna increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.46.

SentinelOne Stock Performance

NYSE:S opened at $22.55 on Thursday. The company has a market cap of $7.25 billion, a price-to-earnings ratio of -23.99 and a beta of 0.74. The stock’s fifty day moving average price is $25.17 and its two-hundred day moving average price is $23.82. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) EPS. On average, equities analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the transaction, the insider now owns 585,647 shares of the company’s stock, valued at $15,390,803.16. The trade was a 2.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,135 shares of company stock worth $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC boosted its holdings in shares of SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the period. Straight Path Wealth Management boosted its stake in SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares during the period. Bullseye Asset Management LLC grew its holdings in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after buying an additional 1,000 shares in the last quarter. MetLife Investment Management LLC increased its position in SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock worth $163,000 after buying an additional 1,012 shares during the period. Finally, Rathbones Group PLC lifted its holdings in shares of SentinelOne by 0.4% during the second quarter. Rathbones Group PLC now owns 288,667 shares of the company’s stock worth $6,076,000 after buying an additional 1,038 shares in the last quarter. 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.