Robert W. Baird Initiates Coverage on SentinelOne (NYSE:S)

Analysts at Robert W. Baird began coverage on shares of SentinelOne (NYSE:S) in a note issued to investors on Monday, Briefing.com reports. The firm set an “outperform” rating and a $25.00 price target on the stock. Robert W. Baird’s price target indicates a potential upside of 22.91% from the stock’s previous close.

Several other brokerages also recently issued reports on S. Bank of America decreased their price objective on shares of SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a research report on Tuesday, June 25th. Loop Capital decreased their target price on SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Barclays cut their price target on shares of SentinelOne from $27.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.87.

SentinelOne Stock Performance

NYSE S opened at $20.34 on Monday. The company has a market cap of $6.36 billion, a P/E ratio of -19.94 and a beta of 0.66. The business’s 50 day moving average price is $19.89 and its 200-day moving average price is $23.16. SentinelOne has a fifty-two week low of $13.87 and a fifty-two week high of $30.76.

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

Insider Activity at SentinelOne

In other news, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $21.26, for a total value of $55,935.06. Following the transaction, the chief financial officer now owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other SentinelOne news, insider Ric Smith sold 24,467 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the sale, the insider now directly owns 666,419 shares in the company, valued at $11,529,048.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $21.26, for a total value of $55,935.06. Following the completion of the sale, the chief financial officer now directly owns 532,380 shares of the company’s stock, valued at approximately $11,318,398.80. The disclosure for this sale can be found here. Insiders have sold a total of 503,271 shares of company stock valued at $9,733,568 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in SentinelOne by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after acquiring an additional 442,593 shares during the period. Public Employees Retirement System of Ohio boosted its position in SentinelOne by 10.1% in the third quarter. Public Employees Retirement System of Ohio now owns 93,729 shares of the company’s stock valued at $1,580,000 after buying an additional 8,568 shares during the last quarter. Wedmont Private Capital purchased a new stake in SentinelOne in the fourth quarter valued at approximately $297,000. TrueMark Investments LLC acquired a new position in SentinelOne in the 4th quarter worth approximately $1,926,000. Finally, Legato Capital Management LLC raised its position in SentinelOne by 79.7% during the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after buying an additional 12,407 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.