SentinelOne (NYSE:S – Get a Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released Tuesday, Zacks.com reports.
According to Zacks, “SentinelOne Inc. provides a self-contained cybersecurity platform. It offers cybersecurity solutions that encompass AI-powered prevention, detection, response, and hunting on endpoints, containers, payloads, and more. cloud work and IoT devices in a single standalone XDR platform. SentinelOne Inc. is based in MOUNTAIN VIEW, CA.”
S has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut its price target on SentinelOne from $63.00 to $35.00 and placed a “buy” rating on the stock in a Wednesday, March 16 research report. Citigroup launched coverage on SentinelOne in a research report on Monday, January 24. They issued a “neutral” rating and a price target of $42.00 on the stock. Bank of America cut its price target on SentinelOne from $67.00 to $54.00 and placed a “buy” rating on the stock in a Wednesday, March 16 research report. Wells Fargo & Company cut its price target on SentinelOne from $38.00 to $30.00 and gave the stock an “na” rating in a research report Monday. Finally, Loop Capital cut its price target on SentinelOne from $65.00 to $45.00 and set a “buy” rating on the stock in a Wednesday, March 16 research report. One research analyst rated the stock with a sell rating, five gave the company a hold rating and ten gave the company a buy rating. According to MarketBeat.com, SentinelOne has an average rating of “Buy” and a consensus price target of $46.19.
S was down $0.02 on Tuesday, hitting $22.40. The stock had a trading volume of 64,206 shares, compared to an average volume of 3,655,774. SentinelOne has a fifty-two-week low of $18.64 and a fifty-two-week high of $78.53. . The company’s 50-day moving average price is $34.36.
SentinelOne (NYSE:S – Get Rating) last released its results on Tuesday, March 15. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.28) by $0.01. SentinelOne had a negative return on equity of 22.36% and a negative net margin of 132.37%. The company posted revenue of $65.60 million in the quarter, compared to $60.69 million expected by analysts. During the same quarter of the previous year, the company earned ($1.00) EPS. The company’s revenue for the quarter increased by 119.4% compared to the same quarter last year. As a group, stock analysts expect SentinelOne to post -1.14 earnings per share for the current fiscal year.
In other SentinelOne news, major shareholder Daniel S. Loeb sold 405,000 SentinelOne shares in a trade that took place on Thursday, March 17. The stock was sold at an average price of $36.03, for a total transaction of $14,592,150.00. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, CTO Ric Smith sold 2,235 SentinelOne shares in a trade that took place on Friday, May 6. The shares were sold at an average price of $28.61, for a total value of $63,943.35. Following the sale, the CTO now directly owns 96,214 shares of the company, valued at $2,752,682.54. The disclosure of this sale can be found here. Insiders have sold 1,576,545 shares of the company worth $55,009,239 in the past three months.
A number of institutional investors have recently bought and sold shares of S. Vanguard Group Inc. increased its position in SentinelOne shares by 239.0% in Q1. Vanguard Group Inc. now owns 11,516,251 shares of the company worth $446,140,000 after purchasing an additional 8,119,008 shares last quarter. First Trust Advisors LP acquired a new stake in SentinelOne during Q1 valued at $184,096,000. Tiger Global Management LLC increased its stake in SentinelOne by 234.9% in Q1. Tiger Global Management LLC now owns 5,909,855 shares of the company valued at $228,948,000 after purchasing an additional 4,145,054 shares in the last quarter. Redpoint Management LLC purchased a new stake in SentinelOne stock in Q4 valued at $132,295,000. Finally, Vista Equity Partners Management LLC increased its stake in SentinelOne shares by 466.7% in the 4th quarter. Vista Equity Partners Management LLC now owns 3,120,364 shares of the company worth $157,547,000 after purchasing an additional 2,569,713 shares last quarter. 69.51% of the shares are currently held by institutional investors and hedge funds.
About Sentinel One (Get a rating)
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company’s Extended Detection and Response (XDR) data stack that merges the data, access, control and integration planes of the endpoint protection platform, endpoint detection and response, cloud workload protection platform and IoT security in a centralized platform.
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