SentinelOne, IBD Stock Of The Day, Jumps On Positive Wall Street Starts

SentinelOne Inc Cl A

SentinelOne Inc Cl A





IBD Stock Analysis

  • Stock went public June 30; formed IPO base with buy point of 54.15
  • Shares are now building right side of their base; analysts more positive
  • Company has Composite Rating of 47 out of 99; Relative Strength at 61

Industry Group Ranking

Emerging Pattern

IPO Base

* Not real-time data. All data shown was captured at
1:51PM EDT on

SentinelOne (S) is the IBD Stock Of The Day as the newly public cybersecurity firm scored a bunch of positive coverage initiation reports Monday from Wall Street analysts. SentinelOne stock is forming an IPO base.


Mountain View, Calif.-based SentinelOne launched its initial public offering on June 30 with shares priced at $35. SentinelOne stock hit a record high of 54.05 intraday on July 7.

Its shares have formed an IPO base with a buy point of 54.15, according to IBD MarketSmith charts. SentinelOne stock is now building the right side of its base.

In afternoon trading on the stock market today, SentinelOne stock rose 5% to 48.87.

AI-Powered Cybersecurity

SentinelOne makes cybersecurity solutions powered by artificial intelligence. Its offerings cover prevention, detection, response and hunting across endpoints, containers, cloud workloads, and Internet of Things devices from a single autonomous platform.

At least 13 Wall Street firms initiated coverage of SentinelOne stock on Monday. Of those, 11 gave it buy ratings while two were neutral.

“A rapidly changing threat environment requires an adaptable, data-driven approach to security, which SentinelOne provides with its AI-powered ‘XDR’ platform,” Morgan Stanley analyst Hamza Fodderwala said in a note to clients. XDR stands for “extended detection and response.”

Legacy cybersecurity tools have not kept pace with the fast-changing threat landscape, he said. SentinelOne’s platform better adapts to evolving threats by evaluating threat data in real time using machine learning and artificial intelligence, Fodderwala said.

Competes With CrowdStrike

The shift to cloud computing and remote work has increased the need for more capable cybersecurity solutions, he said.

Fodderwala rates SentinelOne stock as overweight, or buy, with a price target of 56.

SentinelOne competes with CrowdStrike (CRWD) and others in the next-generation cybersecurity market.

Wells Fargo Securities analyst Andrew Nowinski started coverage of SentinelOne stock with an overweight rating and price target of 55.

“We believe SentinelOne can drive revenue growth for the foreseeable future simply by continuing to take share from the legacy endpoint security providers (McAfee, Symantec/Broadcom, Trend Micro), which have not kept pace with the innovation of SentinelOne,” Nowinski said in a note to clients.

SentinelOne Stock In Hot Industry Group

SentinelOne currently ranks No. 24 out of 36 stocks in IBD’s Computer Software-Security industry group, according to IBD Stock Checkup. That group ranks No. 45 from the top of the list of 197 industry groups that IBD tracks. IBD trading guidelines recommend focusing on top-rated stocks in leading industry groups.

SentinelOne stock has an IBD Composite Rating of 47 out of 99. The Composite Rating scores a stock’s key growth metrics against all other stocks regardless of industry group.

It has an IBD Relative Strength Rating of 61 out of 99. That means SentinelOne stock has outperformed 61% of stocks over the past 12 months.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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