SentinelOne’s (S) “Buy” Rating Reaffirmed at Guggenheim

Posted by Defense World Staff on Sep 2nd, 2023

Guggenheim reissued their buy rating on shares of SentinelOne (NYSE:S – Free Report) in a research note released on Friday, Benzinga reports. They currently have a $19.00 price target on the stock.

Several other equities research analysts also recently commented on S. Loop Capital cut their target price on shares of SentinelOne from $25.00 to $20.00 in a research report on Friday, June 2nd. Wells Fargo & Company boosted their price objective on shares of SentinelOne from $14.00 to $17.00 and gave the stock an equal weight rating in a research note on Friday. Westpark Capital downgraded SentinelOne from a buy rating to a hold rating in a report on Friday, June 2nd. BTIG Research downgraded SentinelOne from a buy rating to a neutral rating in a report on Friday, June 2nd. Finally, UBS Group decreased their price target on SentinelOne from $19.00 to $18.00 in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SentinelOne has a consensus rating of Hold and an average price target of $20.50.

View Our Latest Research Report on S

SentinelOne Price Performance

Shares of SentinelOne stock opened at $17.21 on Friday. The company’s 50 day moving average price is $15.34 and its two-hundred day moving average price is $16.10. The firm has a market capitalization of $5.03 billion, a P/E ratio of -12.29 and a beta of 0.31. SentinelOne has a fifty-two week low of $12.43 and a fifty-two week high of $29.44.

SentinelOne (NYSE:S – Get Free Report) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $149.42 million for the quarter, compared to analyst estimates of $140.98 million. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. SentinelOne’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) EPS. On average, analysts expect that SentinelOne will post -1.23 earnings per share for the current year.

Insider Activity at SentinelOne

In related news, CFO David J. Bernhardt sold 6,486 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total transaction of $81,983.04. Following the completion of the sale, the chief financial officer now owns 382,086 shares in the company, valued at $4,829,567.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO David J. Bernhardt sold 6,486 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $81,983.04. Following the transaction, the chief financial officer now directly owns 382,086 shares in the company, valued at $4,829,567.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 3,793 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total transaction of $47,943.52. Following the completion of the sale, the chief accounting officer now directly owns 158,805 shares of the company’s stock, valued at $2,007,295.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,179 shares of company stock valued at $4,294,152. 5.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently added to or reduced their stakes in S. Bank Julius Baer & Co. Ltd Zurich boosted its stake in SentinelOne by 86,543.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,095,203 shares of the company’s stock valued at $665,838,000 after acquiring an additional 44,044,310 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in SentinelOne by 72.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,317,055 shares of the company’s stock valued at $369,376,000 after purchasing an additional 10,656,778 shares during the period. Sylebra Capital Ltd purchased a new stake in SentinelOne in the first quarter worth $171,765,000. Vanguard Group Inc. increased its position in SentinelOne by 239.0% in the first quarter. Vanguard Group Inc. now owns 11,516,251 shares of the company’s stock worth $446,140,000 after buying an additional 8,119,008 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of SentinelOne in the first quarter valued at $184,096,000. Institutional investors own 71.33% of the company’s stock.

About SentinelOne

(Get Free Report)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.