Brokerages Set SentinelOne, Inc. (NYSE:S) Target Price at $24.71

Shares of SentinelOne, Inc. (NYSE:S) have earned an average rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.48.

A number of brokerages have recently commented on S. DA Davidson boosted their target price on shares of SentinelOne from $17.00 to $18.50 and gave the company a “neutral” rating in a report on Thursday. Canaccord Genuity Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and dropped their target price for the company from $28.00 to $23.00 in a report on Tuesday, June 4th. UBS Group dropped their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Wedbush upped their price target on shares of SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Citigroup dropped their price target on shares of SentinelOne from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th.

Insider Activity

In other news, CEO Tomer Weingarten sold 47,365 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $22.57, for a total transaction of $1,069,028.05. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares of the company’s stock, valued at approximately $29,005,203.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tomer Weingarten sold 47,365 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $22.57, for a total transaction of $1,069,028.05. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares of the company’s stock, valued at approximately $29,005,203.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $23.10, for a total transaction of $197,874.60. Following the sale, the insider now directly owns 5,025 shares of the company’s stock, valued at approximately $116,077.50. The disclosure for this sale can be found here. Insiders sold 507,065 shares of company stock valued at $10,055,772 in the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Rhumbline Advisers increased its holdings in SentinelOne by 12.2% in the 3rd quarter. Rhumbline Advisers now owns 247,315 shares of the company’s stock worth $4,170,000 after acquiring an additional 26,896 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in SentinelOne by 17.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 23,696 shares of the company’s stock worth $400,000 after acquiring an additional 3,581 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in SentinelOne in the 3rd quarter worth approximately $38,000. Stifel Financial Corp boosted its stake in SentinelOne by 29.1% in the 3rd quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock worth $5,563,000 after purchasing an additional 74,378 shares during the period. Finally, Northern Trust Corp boosted its stake in SentinelOne by 6.8% in the 3rd quarter. Northern Trust Corp now owns 1,428,654 shares of the company’s stock worth $24,087,000 after purchasing an additional 91,095 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Trading Up 1.5 %

Shares of S stock opened at $21.05 on Thursday. SentinelOne has a 12 month low of $13.87 and a 12 month high of $30.76. The stock has a market cap of $6.59 billion, a PE ratio of -20.64 and a beta of 0.59. The company’s fifty day moving average price is $20.11 and its 200-day moving average price is $23.66.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business had revenue of $186.36 million for the quarter, compared to the consensus estimate of $181.11 million. During the same quarter last year, the firm posted ($0.35) EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. On average, sell-side analysts forecast that SentinelOne will post -0.73 earnings per share for the current fiscal year.

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.