SentinelOne, Inc. (NYSE:S) Receives $29.56 Consensus Price Target from Brokerages

Shares of SentinelOne, Inc. (NYSE:S) have received an average rating of “Moderate Buy” from the twenty-eight analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.56.

Several research analysts have commented on the stock. Susquehanna raised their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, December 5th. Citigroup lowered their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Sanford C. Bernstein lowered their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Thursday, December 19th.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 2,341 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $23.95, for a total value of $56,066.95. Following the completion of the sale, the insider now directly owns 529,118 shares in the company, valued at $12,672,376.10. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the transaction, the chief executive officer now owns 959,682 shares of the company’s stock, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over 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 Investors Weigh In On SentinelOne

Several hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after buying an additional 556 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after purchasing an additional 898 shares during the last quarter. Bullseye Asset Management LLC grew its position in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after purchasing an additional 1,000 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of SentinelOne by 17.4% during the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after buying an additional 1,012 shares during the period. Finally, Legato Capital Management LLC boosted its stake in shares of SentinelOne by 8.1% in the 4th quarter. Legato Capital Management LLC now owns 13,682 shares of the company’s stock worth $304,000 after buying an additional 1,022 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Performance

NYSE:S opened at $23.93 on Friday. The business’s fifty day moving average is $23.41 and its 200 day moving average is $24.20. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of -25.45 and a beta of 0.75. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Equities analysts predict that SentinelOne will post -0.76 EPS for the current fiscal 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.