SentinelOne, Inc. (NYSE:S) Receives $29.46 Average Price Target from Analysts

SentinelOne, Inc. (NYSE:S) has earned a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $29.56.

Several analysts recently issued reports on S shares. Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $25.00 to $32.00 in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. UBS Group cut shares of SentinelOne from a “buy” rating to a “neutral” rating and cut their target price for the company from $30.00 to $25.00 in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group upgraded shares of 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 note on Thursday, December 19th.

Insider Activity

In related news, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This represents a 6.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the completion of the transaction, the insider now directly owns 585,647 shares in the company, valued at $15,390,803.16. This trade represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 358,135 shares of company stock worth $8,757,911 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC raised its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the period. Eminence Capital LP raised its position in shares of SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares during the period. State Street Corp grew its position in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after acquiring an additional 516,244 shares during the period. Geode Capital Management LLC grew its position in SentinelOne by 8.6% in the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after acquiring an additional 355,944 shares during the period. Finally, Atreides Management LP increased its stake in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after acquiring an additional 2,200,594 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 0.5 %

SentinelOne stock opened at $22.32 on Monday. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of -23.75 and a beta of 0.74. The business’s fifty day simple moving average is $24.62 and its two-hundred day simple moving average is $23.96.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.21) earnings per share. On average, equities research 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.