Barclays Raises SentinelOne (NYSE:S) Price Target to $30.00

SentinelOne (NYSE:S) had its target price raised by Barclays from $28.00 to $30.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently commented on S. Loop Capital upped their target price on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, September 13th. Citigroup boosted their price target on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price objective on shares of SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. Finally, Wedbush lifted their price objective on SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Stock Up 1.3 %

NYSE S opened at $26.36 on Thursday. The company has a 50-day simple moving average of $23.92 and a two-hundred day simple moving average of $21.85. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. Equities analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $208,992.40. Following the completion of the sale, the chief executive officer now owns 1,109,147 shares of the company’s stock, valued at $22,804,062.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the transaction, the chief accounting officer now owns 193,542 shares of the company’s stock, valued at $4,412,757.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 10,165 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $208,992.40. Following the completion of the sale, the chief executive officer now directly owns 1,109,147 shares of the company’s stock, valued at approximately $22,804,062.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 489,850 shares of company stock worth $11,034,964 in the last three months. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in SentinelOne by 3.4% during the third quarter. Raymond James & Associates now owns 318,798 shares of the company’s stock valued at $7,626,000 after acquiring an additional 10,572 shares in the last quarter. Blue Trust Inc. grew its position in shares of SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in shares of SentinelOne by 29.0% in the third quarter. Stonegate Investment Group LLC now owns 64,514 shares of the company’s stock worth $1,543,000 after purchasing an additional 14,514 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of SentinelOne in the third quarter worth about $204,000. Finally, Swedbank AB lifted its position in shares of SentinelOne by 25.0% in the third quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock worth $59,800,000 after buying an additional 500,000 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

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.