In yesterday’s Wall Street session, SentinelOne Inc (NYSE:S) shares traded at $21.86, down -2.19% from the previous session.
S stock price is now -17.05% away from the 50-day moving average and 8.51% away from the 200-day moving average. The market capitalization of the company currently stands at $6.20B.
With the price target enhanced from $28 to $31, Needham maintained Buy rating for SentinelOne Inc (NYSE: S). On February 14, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $26.50 to quote $35, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Insight Holdings Group, LLC, 10% Owner sold 91,895 shares of the company’s stock on Apr 01 ’24. The stock was sold for $2,122,774 at an average price of $23.10. Upon completion of the transaction, the 10% Owner now directly owns 92,501 shares in the company, valued at $2.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, 10% Owner Insight Holdings Group, LLC sold 8,566 shares of the business’s stock. A total of $197,875 was realized by selling the stock at an average price of $23.10. This leaves the insider owning 5,025 shares of the company worth $0.11 million. A total of 19.39% of the company’s stock is owned by insiders.
During the past 12 months, SentinelOne Inc has had a low of $12.43 and a high of $30.76. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.11, and a quick ratio of 2.11. The fifty day moving average price for S is $26.35 and a two-hundred day moving average price translates $20.15 for the stock.
The latest earnings results from SentinelOne Inc (NYSE: S) was released for Jan, 2024. According to the Software – Infrastructure Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.04 by 0.02. This compares to -$0.33 EPS in the same period last year. The net profit margin was -54.53% and return on equity was -20.84% for S. The company reported revenue of $174.18 million for the quarter, compared to $126.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.13 percent. For the current quarter, analysts expect S to generate $181.09M in revenue.
SentinelOne Inc(S) Company Profile
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. In addition, it offers endpoint protection, endpoint detection and response, cloud and identity security, attack surface management, mobile endpoint security, xdr power tools, watchtower, and vigilance MDR. The company was formerly known as Sentinel Labs, Inc. and changed its name to SentinelOne, Inc. in March 2021. SentinelOne, Inc. was incorporated in 2013 and is headquartered in Mountain View, California.
