SentinelOne (NYSE:S) Earns Outperform Rating from Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of SentinelOne (NYSE:S) in a research note published on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $25.00 price objective on the stock.

Several other equities analysts have also issued reports on the company. Bank of America lowered their price target on SentinelOne from $35.00 to $29.00 and set a buy rating for the company in a research report on Friday, May 31st. Citigroup lowered their price target on SentinelOne from $25.00 to $20.00 and set a neutral rating for the company in a research report on Wednesday, June 5th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of SentinelOne in a research report on Friday, July 12th. UBS Group decreased their target price on SentinelOne from $29.00 to $27.00 and set a buy rating for the company in a research report on Friday, May 31st. Finally, Susquehanna decreased their target price on SentinelOne from $35.00 to $22.00 and set a positive rating for the company in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $24.87.

SentinelOne Trading Down 3.5 %

Shares of SentinelOne stock opened at $21.11 on Monday. The firm has a market capitalization of $6.60 billion, a P/E ratio of -20.69 and a beta of 0.66. The business has a fifty day simple moving average of $19.90 and a two-hundred day simple moving average of $23.06. SentinelOne has a 12 month low of $13.87 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The company had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. SentinelOne’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.35) EPS. Analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $216,107.90. Following the completion of the transaction, the chief executive officer now directly owns 1,274,957 shares in the company, valued at approximately $27,105,585.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $86,880.60. Following the completion of the transaction, the chief accounting officer now directly owns 198,174 shares in the company, valued at approximately $3,428,410.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $216,107.90. Following the transaction, the chief executive officer now owns 1,274,957 shares of the company’s stock, valued at $27,105,585.82. The disclosure for this sale can be found here. Insiders sold a total of 503,271 shares of company stock worth $9,733,568 in the last three months. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in S. Norges Bank purchased a new position in SentinelOne in the 4th quarter worth approximately $228,872,000. Trivest Advisors Ltd purchased a new position in SentinelOne in the 4th quarter worth approximately $143,273,000. Eminence Capital LP lifted its holdings in SentinelOne by 89.7% in the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after purchasing an additional 2,569,781 shares in the last quarter. Vanguard Group Inc. lifted its holdings in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Finally, Sylebra Capital LLC raised its holdings in shares of SentinelOne by 15.9% during the 1st quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock worth $142,724,000 after acquiring an additional 838,818 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.