SentinelOne, Inc. (NYSE:S) Receives $29.42 Average Target Price from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have been assigned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.44.

A number of brokerages have recently commented on S. Needham & Company LLC reissued a “buy” rating and issued a $32.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on shares of SentinelOne from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Barclays dropped their target price on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Finally, Loop Capital raised their price target on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $23.74, for a total transaction of $1,444,911.36. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at approximately $22,782,850.68. This represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $26.28, for a total value of $383,241.24. Following the completion of the transaction, the insider now owns 585,647 shares in the company, valued at $15,390,803.16. The trade was a 2.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 404,416 shares of company stock worth $10,020,785. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Sylebra Capital LLC lifted its holdings in shares of SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. Eminence Capital LP lifted its stake in SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. State Street Corp boosted its position in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after buying an additional 516,244 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SentinelOne by 8.6% during the third quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after buying an additional 355,944 shares during the last quarter. Finally, Atreides Management LP increased its holdings in shares of SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after buying an additional 2,200,594 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Trading Up 1.2 %

S stock opened at $22.69 on Thursday. The stock has a market cap of $7.29 billion, a PE ratio of -24.14 and a beta of 0.67. The stock has a 50-day moving average price of $25.96 and a two-hundred day moving average price of $23.52. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

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