SentinelOne (NYSE:S) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

SentinelOne (NYSE:S) had its price target increased by investment analysts at Needham & Company LLC from $26.00 to $31.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 20.59% from the stock’s current price.

Several other equities analysts have also recently issued reports on S. Morgan Stanley boosted their price objective on SentinelOne from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Wedbush began coverage on SentinelOne in a report on Friday, September 11th. They set an “outperform” rating and a $25.00 target price on the stock. Oppenheimer raised their target price on SentinelOne from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on SentinelOne from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, Canaccord Genuity Group boosted their price target on SentinelOne from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, August 28th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.92.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $25.71 on Tuesday. The stock has a market cap of $8.95 billion, a PE ratio of -25.45 and a beta of 0.70. The firm has a fifty day moving average price of $22.38 and a 200 day moving average price of $18.30. SentinelOne has a 1 year low of $11.81 and a 1 year high of $26.50.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, equities analysts expect that SentinelOne will post -0.46 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ana Pinczuk sold 16,042 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $25.33, for a total value of $406,343.86. Following the sale, the insider directly owned 721,674 shares of the company’s stock, valued at approximately $18,280,002.42. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 21,440 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total value of $421,724.80. Following the completion of the sale, the chief accounting officer owned 418,423 shares of the company’s stock, valued at $8,230,380.41. This trade represents a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 915,183 shares of company stock valued at $21,151,124 in the last ninety days. 4.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently added to or reduced their stakes in S. GAMMA Investing LLC increased its holdings in SentinelOne by 40.9% in the 3rd quarter. GAMMA Investing LLC now owns 5,191 shares of the company’s stock worth $123,000 after acquiring an additional 1,506 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in SentinelOne by 15.7% during the third quarter. Farther Finance Advisors LLC now owns 18,533 shares of the company’s stock valued at $440,000 after purchasing an additional 2,511 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in SentinelOne during the third quarter valued at $225,000. Engineers Gate Manager LP grew its position in shares of SentinelOne by 431.2% in the second quarter. Engineers Gate Manager LP now owns 331,082 shares of the company’s stock valued at $5,618,000 after purchasing an additional 268,751 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of SentinelOne by 44.8% in the second quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company’s stock valued at $1,293,000 after purchasing an additional 23,561 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.