SentinelOne (NYSE:S) Upgraded to “Buy” at Jefferies Financial Group

SentinelOne (NYSE:S) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Thursday,Benzinga reports. The firm presently has a $30.00 price target on the stock, up from their previous price target of $27.00. Jefferies Financial Group’s price objective indicates a potential upside of 36.05% from the stock’s previous close.

S has been the subject of a number of other reports. BTIG Research lifted their price objective on SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Wells Fargo & Company raised their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Barclays dropped their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, Citigroup increased their target price on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $29.44.

SentinelOne Price Performance

NYSE S opened at $22.05 on Thursday. The stock has a market capitalization of $7.09 billion, a P/E ratio of -23.46 and a beta of 0.67. The firm’s 50-day moving average is $26.30 and its two-hundred day moving average is $23.33. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. As a group, analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction on Friday, December 13th. The shares were sold at an average price of $23.74, for a total value of $1,444,911.36. Following the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. The trade was a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 3,135 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the sale, the insider now owns 582,512 shares of the company’s stock, valued at $15,290,940. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 418,999 shares of company stock valued at $10,373,693. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV lifted its position in SentinelOne by 778.0% in the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares during the period. Erste Asset Management GmbH purchased a new position in shares of SentinelOne during the 3rd quarter worth approximately $4,816,000. NorthRock Partners LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $5,227,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after buying an additional 921,572 shares during the period. Finally, Sycomore Asset Management boosted its stake in shares of SentinelOne by 40.4% in the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after buying an additional 83,060 shares in the last quarter. 90.87% of the stock is currently 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.