Brokerages Set SentinelOne, Inc. (NYSE:S) Target Price at $29.46

SentinelOne, Inc. (NYSE:S) has been given an average recommendation of “Moderate Buy” by the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.48.

A number of brokerages have recently weighed in on S. Sanford C. Bernstein reduced their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Westpark Capital reissued a “buy” rating and set a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. Scotiabank upped their price target on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Robert W. Baird lifted their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Finally, DA Davidson increased their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th.

SentinelOne Price Performance

Shares of NYSE:S opened at $21.73 on Monday. The stock has a market capitalization of $6.98 billion, a P/E ratio of -23.12 and a beta of 0.74. The business has a 50-day moving average of $24.95 and a two-hundred day moving average of $23.92. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) earnings per share. As a group, research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the transaction, the insider now owns 582,512 shares in the company, valued at approximately $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total transaction 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 $22,658,092.02. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,135 shares of company stock valued at $8,757,911. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the business. Waldron Private Wealth LLC bought a new stake in SentinelOne during the 3rd quarter worth about $26,000. Modus Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter worth about $48,000. Capital Performance Advisors LLP acquired a new position in shares of SentinelOne during the third quarter worth approximately $55,000. Blue Trust Inc. grew its stake in shares of SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of SentinelOne by 287.9% in the third quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,765 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.