SentinelOne (NYSE:S) Given New $23.00 Price Target at BTIG Research

SentinelOne (NYSE:SGet Free Report) had its price target decreased by investment analysts at BTIG Research from $30.00 to $23.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 35.93% from the stock’s current price.

A number of other equities research analysts also recently commented on S. The Goldman Sachs Group raised their price objective on shares of SentinelOne from $19.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, February 21st. Morgan Stanley decreased their target price on SentinelOne from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday. Sanford C. Bernstein boosted their price objective on SentinelOne from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Loop Capital raised their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company upped their target price on SentinelOne from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.38.

Check Out Our Latest Stock Report on S

SentinelOne Stock Performance

S traded down $2.50 on Friday, hitting $16.92. The company had a trading volume of 11,376,092 shares, compared to its average volume of 5,276,214. SentinelOne has a 12-month low of $12.43 and a 12-month high of $30.76. The stock has a fifty day moving average price of $21.72 and a 200-day moving average price of $23.80. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -14.03 and a beta of 0.69.

SentinelOne (NYSE:SGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 18.84% and a negative net margin of 54.53%. The firm had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same period in the prior year, the firm earned ($0.35) earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. Analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 69,427 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $27.09, for a total value of $1,880,777.43. Following the transaction, the chief executive officer now directly owns 1,285,122 shares in the company, valued at $34,813,954.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Tomer Weingarten sold 69,427 shares of SentinelOne stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $27.09, for a total value of $1,880,777.43. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares of the company’s stock, valued at approximately $34,813,954.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David J. Bernhardt sold 7,342 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $200,069.50. Following the sale, the chief financial officer now directly owns 546,232 shares in the company, valued at $14,884,822. The disclosure for this sale can be found here. Insiders sold a total of 370,855 shares of company stock valued at $8,535,409 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of the company. Evoke Wealth LLC raised its holdings in shares of SentinelOne by 0.3% in the 4th quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock valued at $3,884,000 after acquiring an additional 378 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in SentinelOne by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after buying an additional 519 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of SentinelOne by 5.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,446 shares of the company’s stock valued at $260,000 after buying an additional 836 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of SentinelOne during the 4th quarter worth $30,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Company Profile

(Get Free Report)

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.

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Analyst Recommendations for SentinelOne (NYSE:S)

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