SentinelOne, Inc. (NYSE:S) Receives $29.56 Average PT from Brokerages

Shares of SentinelOne, Inc. (NYSE:S) have earned a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $29.56.

A number of equities analysts have issued reports on S shares. Guggenheim reiterated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. DA Davidson boosted their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price target on shares of SentinelOne in a research note on Friday, October 18th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective on shares of SentinelOne in a research report on Monday, December 2nd.

SentinelOne Price Performance

Shares of NYSE S opened at $23.93 on Friday. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market capitalization of $7.69 billion, a P/E ratio of -25.45 and a beta of 0.75. The company’s 50 day simple moving average is $23.41 and its 200 day simple moving average is $24.20.

SentinelOne (NYSE:S) last released 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 during the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Sell-side analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,782,850.68. The trade was a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 41,170 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 286,699 shares of company stock worth $6,712,815. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of S. Champlain Investment Partners LLC purchased a new position in shares of SentinelOne in the 3rd quarter worth about $80,604,000. Sylebra Capital LLC grew its holdings in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after purchasing an additional 2,282,980 shares during the period. Atreides Management LP increased its position in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after buying an additional 2,200,594 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of SentinelOne in the third quarter valued at $30,972,000. Finally, Raymond James Financial Inc. purchased a new position in shares of SentinelOne during the 4th quarter valued at $26,082,000. Institutional investors own 90.87% of the company’s stock.

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.