SentinelOne (NYSE:S) Stock Price Expected to Rise, Scotiabank Analyst Says

SentinelOne (NYSE:S) had its price objective boosted by stock analysts at Scotiabank from $25.00 to $26.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 0.85% from the stock’s current price.

Several other analysts have also commented on S. Robert W. Baird raised their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Wedbush raised SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, September 13th. Finally, Wells Fargo & Company lifted their price target on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Stock Performance

NYSE:S opened at $25.78 on Thursday. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The firm has a market cap of $8.18 billion, a P/E ratio of -27.43 and a beta of 0.67. The firm has a 50-day simple moving average of $26.31 and a 200-day simple moving average of $23.15.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.21) EPS. On average, research analysts predict that SentinelOne will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 23,567 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the transaction, the insider now owns 585,647 shares in the company, valued at $12,819,812.83. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,754 shares of company stock valued at $8,532,505 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC purchased a new position in SentinelOne in the third quarter valued at about $26,000. Blue Trust Inc. bought a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC grew its stake in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $49,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $55,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.