SentinelOne (NYSE:S) Price Target Raised to $30.00

SentinelOne (NYSE:S) had its target price lifted by equities researchers at Wedbush from $20.00 to $30.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would indicate a potential upside of 19.66% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a report on Monday, July 15th. Loop Capital reduced their price target on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Susquehanna reduced their price target on shares of SentinelOne from $35.00 to $22.00 and set a “positive” rating on the stock in a research report on Friday, May 31st. UBS Group reduced their price target on shares of SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Canaccord Genuity Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and cut their target price for the company from $28.00 to $23.00 in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.14.

SentinelOne Stock Performance

S traded down $0.19 on Monday, reaching $25.07. The company had a trading volume of 1,030,168 shares, compared to its average volume of 5,488,690. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The stock has a market cap of $7.84 billion, a P/E ratio of -24.58 and a beta of 0.66. The company’s fifty day moving average is $21.32 and its 200 day moving average is $22.43.

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

Insider Buying and Selling

In related news, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the completion of the transaction, the insider now owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the completion of the transaction, the insider now owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Bernhardt sold 11,061 shares of SentinelOne stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $191,355.30. Following the completion of the sale, the chief financial officer now directly owns 517,298 shares of the company’s stock, valued at $8,949,255.40. The disclosure for this sale can be found here. Insiders sold 610,851 shares of company stock valued at $12,036,747 over the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new stake in SentinelOne in the fourth quarter valued at $30,000. Blue Trust Inc. bought a new stake in SentinelOne in the second quarter valued at $27,000. Allspring Global Investments Holdings LLC increased its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after purchasing an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in SentinelOne by 56.0% in 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 bought a new stake in SentinelOne in the second quarter valued at $49,000. 90.87% of the stock is 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.