SentinelOne (NYSE:S) Given Hold Rating at Canaccord Genuity Group

Posted by Defense World Staff on Sep 2nd, 2023

Canaccord Genuity Group reissued their hold rating on shares of SentinelOne (NYSE:S – Free Report) in a research note released on Friday, Benzinga reports. They currently have a $17.00 target price on the stock.

A number of other brokerages have also weighed in on S. Scotiabank raised their price objective on SentinelOne from $15.00 to $16.50 in a research note on Friday. UBS Group decreased their target price on SentinelOne from $19.00 to $18.00 in a research report on Friday, June 2nd. KeyCorp began coverage on shares of SentinelOne in a research note on Wednesday, June 14th. They set a sector weight rating for the company. Westpark Capital cut shares of SentinelOne from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SentinelOne from $16.00 to $18.00 in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $20.50.

Read Our Latest Research Report on S

SentinelOne Stock Up 3.5 %

SentinelOne stock opened at $17.21 on Friday. The firm has a market capitalization of $5.03 billion, a P/E ratio of -12.29 and a beta of 0.31. The firm has a fifty day moving average of $15.34 and a 200-day moving average of $16.10. SentinelOne has a 52-week low of $12.43 and a 52-week high of $29.44.

SentinelOne (NYSE:S – Get Free Report) last announced its quarterly earnings results on Thursday, August 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm had revenue of $149.42 million during the quarter, compared to the consensus estimate of $140.98 million. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) EPS. On average, research analysts expect that SentinelOne will post -1.23 EPS for the current fiscal year.

Insider Activity

In other news, CFO David J. Bernhardt sold 6,486 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 value of $81,983.04. Following the transaction, the chief financial officer now owns 382,086 shares in the company, valued at approximately $4,829,567.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tomer Weingarten sold 40,000 shares of SentinelOne stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $15.96, for a total transaction of $638,400.00. Following the completion of the sale, the chief executive officer now directly owns 890,794 shares in the company, valued at approximately $14,217,072.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David J. Bernhardt sold 6,486 shares of the business’s stock in a transaction that occurred 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 directly owns 382,086 shares of the company’s stock, valued at $4,829,567.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,179 shares of company stock worth $4,294,152. 5.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of SentinelOne by 86,543.0% in the 2nd 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 in 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 last quarter. Vanguard Group Inc. raised its position in shares of SentinelOne by 4.7% in the third quarter. Vanguard Group Inc. now owns 17,585,277 shares of the company’s stock valued at $449,480,000 after purchasing an additional 794,439 shares during the period. BlackRock Inc. lifted its stake in shares of SentinelOne by 17.4% in the second quarter. BlackRock Inc. now owns 12,658,818 shares of the company’s stock worth $191,148,000 after buying an additional 1,875,084 shares during the last quarter. Finally, Sylebra Capital Ltd bought a new stake in shares of SentinelOne during the 1st quarter worth $171,765,000. Institutional investors and hedge funds 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.