SentinelOne, Inc. (NYSE:S) Receives $29.42 Average Price Target from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have been given an average rating of “Moderate Buy” by the twenty-six research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $29.44.

A number of research firms have issued reports on S. Robert W. Baird lifted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Susquehanna lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research note on Thursday, December 5th. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $30.00 in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the sale, the insider now directly owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. The trade was a 2.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $23.42, for a total transaction of $1,425,434.88. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $24,345,019.74. The trade was a 5.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock valued at $10,373,693 in the last three months. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors have recently modified their holdings of the stock. Waldron Private Wealth LLC bought a new position in SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. acquired a new position in shares of SentinelOne in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in SentinelOne during the 3rd quarter worth approximately $55,000. Finally, Huntington National Bank raised its holdings in SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after buying an additional 1,765 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Trading Up 0.4 %

Shares of S stock opened at $22.43 on Thursday. The stock’s fifty day simple moving average is $26.16 and its 200-day simple moving average is $23.36. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76.

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

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.