Susquehanna Forecasts Strong Price Appreciation for SentinelOne (NYSE:S) Stock

SentinelOne (NYSE:S) had its target price lifted by research analysts at Susquehanna from $28.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 16.37% from the stock’s previous close.

A number of other brokerages also recently issued reports on S. Barclays upped their price target on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday. Scotiabank raised their price target on SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.42.

SentinelOne Price Performance

S opened at $25.78 on Thursday. The firm has a market capitalization of $8.18 billion, a PE ratio of -27.43 and a beta of 0.67. The business’s 50-day moving average is $26.31 and its two-hundred day moving average is $23.15. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. During the same period in the previous year, the firm earned ($0.21) EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, sell-side analysts expect that SentinelOne will post -0.73 EPS for the current year.

Insider Buying and Selling

In other SentinelOne news, CFO David J. Bernhardt sold 11,222 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the completion of the transaction, the chief financial officer now owns 477,781 shares of the company’s stock, valued at approximately $10,224,513.40. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the sale, the chief executive officer now directly owns 1,019,541 shares in the company, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,754 shares of company stock valued at $8,532,505 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently modified their holdings of the business. Waldron Private Wealth LLC acquired a new stake in SentinelOne in the third quarter valued at approximately $26,000. Blue Trust Inc. acquired a new position in shares of SentinelOne during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of SentinelOne by 49.1% during 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 acquired a new stake in SentinelOne in the 2nd quarter valued at $49,000. Finally, Capital Performance Advisors LLP purchased a new stake in SentinelOne in the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.