SentinelOne (NYSE:S) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of SentinelOne (NYSE:S) in a research report sent to investors on Thursday,Benzinga reports. The brokerage issued an overweight rating and a $30.00 target price on the stock.

Several other research analysts have also issued reports on S. Morgan Stanley restated an “equal weight” rating and issued a $29.00 price target on shares of SentinelOne in a research report on Monday, December 2nd. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their target price for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Barclays reduced their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Sanford C. Bernstein dropped their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $29.46.

SentinelOne Stock Up 0.3 %

S stock opened at $22.55 on Thursday. The company has a 50-day simple moving average of $25.17 and a 200 day simple moving average of $23.82. The company has a market capitalization of $7.25 billion, a P/E ratio of -23.99 and a beta of 0.74. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data 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 company had revenue of $210.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. Equities analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total value of $1,938,758.76. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the sale, the insider now owns 585,647 shares in the company, valued at $15,390,803.16. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 358,135 shares of company stock valued at $8,757,911 over the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its position in SentinelOne by 43.4% in the second quarter. Commonwealth Equity Services LLC now owns 38,991 shares of the company’s stock valued at $821,000 after buying an additional 11,800 shares in the last quarter. National Bank of Canada FI grew its position in SentinelOne by 92.7% during the 2nd quarter. National Bank of Canada FI now owns 4,158 shares of the company’s stock worth $85,000 after acquiring an additional 2,000 shares during the last quarter. Victory Capital Management Inc. increased its holdings in SentinelOne by 12.7% during the 2nd quarter. Victory Capital Management Inc. now owns 33,944 shares of the company’s stock valued at $715,000 after purchasing an additional 3,836 shares in the last quarter. Arizona State Retirement System raised its position in SentinelOne by 16.2% in the 2nd quarter. Arizona State Retirement System now owns 75,491 shares of the company’s stock valued at $1,589,000 after purchasing an additional 10,547 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in SentinelOne by 3.6% in the second quarter. American Century Companies Inc. now owns 42,646 shares of the company’s stock worth $898,000 after purchasing an additional 1,470 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

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.