SentinelOne, Inc. (NYSE:S) Receives $28.73 Average Target Price from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have earned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $28.73.

A number of research firms have recently weighed in on S. DA Davidson increased their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. BTIG Research increased their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their price objective on shares of SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Citigroup increased their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th.

SentinelOne Stock Up 0.2 %

NYSE S opened at $27.93 on Friday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The firm has a market cap of $8.86 billion, a PE ratio of -30.03 and a beta of 0.65. The company has a 50 day moving average price of $25.77 and a 200 day moving average price of $22.82.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same quarter in the prior year, the business posted ($0.26) EPS. SentinelOne’s revenue for the quarter was up 33.1% compared to the same quarter last year. On average, equities research analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,584 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the transaction, the insider now directly owns 636,699 shares of the company’s stock, valued at approximately $14,637,710.01. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,125 shares of company stock worth $10,367,734. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of SentinelOne by 778.0% during the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after buying an additional 58,000 shares during the last quarter. NorthRock Partners LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at $5,227,000. Sycomore Asset Management increased its holdings in shares of SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after acquiring an additional 83,060 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of SentinelOne in the 3rd quarter valued at $2,392,000. Finally, Banco Santander S.A. acquired a new position in shares of SentinelOne in the 3rd quarter valued at $5,002,000. 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.