Brokerages Set SentinelOne, Inc. (NYSE:S) PT at $27.96

SentinelOne, Inc. (NYSE:S) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $27.96.

S has been the subject of several recent analyst reports. Westpark Capital reaffirmed a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research report on Monday, August 26th. Bank of America dropped their target price on shares of SentinelOne from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. DA Davidson raised their price target on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Wedbush upped their price objective on SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Finally, Robert W. Baird lifted their target price on SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, August 26th.

SentinelOne Trading Up 1.1 %

NYSE:S opened at $22.15 on Tuesday. The company has a 50-day moving average price of $22.38 and a 200-day moving average price of $21.98. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -21.72 and a beta of 0.67. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) earnings per share. Equities analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Ric Smith sold 99,502 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SentinelOne news, insider Keenan Michael Conder sold 11,097 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $253,011.60. Following the completion of the sale, the insider now directly owns 438,363 shares of the company’s stock, valued at approximately $9,994,676.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ric Smith sold 99,502 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $20.10, for a total transaction of $1,999,990.20. Following the completion of the transaction, the insider now owns 639,834 shares in the company, valued at $12,860,663.40. The disclosure for this sale can be found here. Insiders have sold 481,431 shares of company stock worth $10,281,703 over the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. purchased a new stake in SentinelOne during the second quarter worth $27,000. Allspring Global Investments Holdings LLC lifted its stake in shares of SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of SentinelOne during the 4th quarter worth $30,000. Sugarloaf Wealth Management LLC boosted its position in SentinelOne by 56.0% during the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in SentinelOne in the second quarter valued at about $49,000. 90.87% of the stock is currently owned by 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.