Analysts Set SentinelOne, Inc. (NYSE:S) Price Target at $29.48

Shares of SentinelOne, Inc. (NYSE:S) have been given a consensus rating of “Moderate Buy” by the twenty-eight ratings firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.48.

S has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Scotiabank lifted their price objective on SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Finally, Westpark Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd.

Insiders Place Their Bets

In related news, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $20.96, for a total value of $305,680.64. Following the completion of the sale, the insider now owns 529,118 shares of the company’s stock, valued at $11,090,313.28. The trade was a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 70,642 shares of SentinelOne stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total value of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares of the company’s stock, valued at $22,760,163.72. The trade was a 6.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,925 shares of company stock valued at $8,729,445. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several large investors have recently modified their holdings of S. Private Advisor Group LLC grew its holdings in shares of SentinelOne by 13.5% in the third quarter. Private Advisor Group LLC now owns 17,598 shares of the company’s stock worth $421,000 after acquiring an additional 2,093 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in SentinelOne during the third quarter valued at about $457,000. Van ECK Associates Corp grew its holdings in SentinelOne by 1.6% during the third quarter. Van ECK Associates Corp now owns 96,015 shares of the company’s stock valued at $2,427,000 after purchasing an additional 1,489 shares during the period. Asset Management One Co. Ltd. grew its holdings in SentinelOne by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 190,315 shares of the company’s stock valued at $4,552,000 after purchasing an additional 2,833 shares during the period. Finally, Amalgamated Bank grew its holdings in SentinelOne by 14.3% during the third quarter. Amalgamated Bank now owns 14,886 shares of the company’s stock valued at $356,000 after purchasing an additional 1,857 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

S opened at $19.91 on Tuesday. The stock’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $24.25. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of -21.19 and a beta of 0.78.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the previous year, the business earned ($0.21) earnings per share. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that SentinelOne will post -0.76 EPS for the current 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.