SentinelOne (NYSE:S) Price Target Raised to $32.00

SentinelOne (NYSE:S) had its price objective upped by Robert W. Baird from $30.00 to $32.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also weighed in on S. Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Scotiabank increased their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Citigroup increased their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday, September 13th. Finally, 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 report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.04.

SentinelOne Trading Up 4.0 %

Shares of NYSE S opened at $28.67 on Monday. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of -29.62 and a beta of 0.67. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The company’s 50-day moving average price is $26.16 and its 200 day moving average price is $23.08.

SentinelOne (NYSE:S) last issued 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). The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) earnings per share. As a group, research analysts expect that SentinelOne will post -0.73 earnings per share for the current year.

Insider Activity

In other news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at $4,412,757.60. The trade was a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 3,135 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the sale, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. This trade represents a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,541 shares of company stock worth $10,032,448 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in SentinelOne by 681.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 43,327 shares of the company’s stock worth $912,000 after purchasing an additional 37,780 shares during the last quarter. CWM LLC increased its position in SentinelOne by 220.6% in the 2nd quarter. CWM LLC now owns 5,720 shares of the company’s stock worth $120,000 after purchasing an additional 3,936 shares during the last quarter. Wesbanco Bank Inc. increased its position in SentinelOne by 67.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 56,896 shares of the company’s stock worth $1,198,000 after purchasing an additional 23,000 shares during the last quarter. Renaissance Capital LLC increased its position in SentinelOne by 30.5% in the 2nd quarter. Renaissance Capital LLC now owns 205,952 shares of the company’s stock worth $4,335,000 after purchasing an additional 48,094 shares during the last quarter. Finally, Avondale Wealth Management increased its position in SentinelOne by 16.7% in the 2nd quarter. Avondale Wealth Management now owns 59,500 shares of the company’s stock worth $1,252,000 after purchasing an additional 8,500 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.