SentinelOne (NYSE:S) Coverage Initiated at Needham & Company LLC

Analysts at Needham & Company LLC began coverage on shares of SentinelOne (NYSE:S) in a report released on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $32.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 21.40% from the company’s current price.

A number of other research analysts have also weighed in on the stock. DA Davidson raised their target price on shares of SentinelOne from $18.50 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lifted their target price on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Wedbush increased their price target on shares of SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Guggenheim reaffirmed a “buy” rating and set a $23.00 price target on shares of SentinelOne in a research report on Tuesday, June 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Price Performance

Shares of S stock opened at $26.36 on Thursday. The stock has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $21.85. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The company has a market cap of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the transaction, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction on Friday, August 9th. The shares were sold at an average price of $21.32, for a total transaction of $85,727.72. Following the completion of the sale, the chief financial officer now directly owns 500,064 shares of the company’s stock, valued at approximately $10,661,364.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 489,850 shares of company stock worth $11,034,964. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently bought and sold shares of S. Blue Trust Inc. purchased a new position in shares of SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its holdings in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in SentinelOne during the second quarter worth approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of SentinelOne during the 1st quarter worth approximately $80,000. 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.