SentinelOne (NYSE:S) Stock Price Up 3.5% Following Analyst Upgrade

SentinelOne, Inc. (NYSE:S)’s stock price shot up 3.5% during trading on Thursday after DA Davidson raised their price target on the stock from $17.00 to $18.50. DA Davidson currently has a neutral rating on the stock. SentinelOne traded as high as $19.84 and last traded at $19.84. 243,059 shares changed hands during trading, a decline of 95% from the average session volume of 5,399,016 shares. The stock had previously closed at $19.17.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein upped their target price on shares of SentinelOne from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Loop Capital lowered their target price on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 31st. UBS Group lowered their target price on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Morgan Stanley decreased their price objective on shares of SentinelOne from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Wedbush increased their price objective on shares of SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $24.48.

Insider Activity at SentinelOne

In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the transaction, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other SentinelOne news, major shareholder Insight Holdings Group, Llc sold 8,566 shares of SentinelOne stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the completion of the transaction, the insider now directly owns 5,025 shares of the company’s stock, valued at $116,077.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $55,935.06. Following the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 507,065 shares of company stock valued at $10,055,772. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of S. Vanguard Group Inc. raised its stake in SentinelOne by 2.0% during the third quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after acquiring an additional 442,593 shares in the last quarter. Caprock Group LLC boosted its holdings in SentinelOne by 96.5% in the fourth quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock valued at $5,320,000 after acquiring an additional 95,206 shares during the last quarter. Legato Capital Management LLC boosted its holdings in SentinelOne by 79.7% in the fourth quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock valued at $768,000 after acquiring an additional 12,407 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of SentinelOne by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after buying an additional 409,454 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of SentinelOne by 29.1% during the 3rd quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock worth $5,563,000 after buying an additional 74,378 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 1.5 %

The business has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $23.68.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The firm had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. During the same period in the previous year, the company earned ($0.35) earnings per share. SentinelOne’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

SentinelOne 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.