Needham & Company LLC Boosts SentinelOne (NYSE:S) Price Target to $29.00

SentinelOne (NYSE:S) had its price objective upped by Needham & Company LLC from $25.00 to $29.00 in a report published on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on S. Scotiabank reduced their price target on shares of SentinelOne from $25.00 to $18.00 and set a sector perform rating on the stock in a research report on Monday, June 3rd. UBS Group cut their price target on SentinelOne from $29.00 to $27.00 and set a buy rating on the stock in a report on Friday, May 31st. Loop Capital cut their target price on SentinelOne from $30.00 to $25.00 and set a buy rating on the stock in a research note on Friday, May 31st. Baird R W raised SentinelOne to a strong-buy rating in a research note on Monday, July 15th. Finally, Morgan Stanley raised their price target on SentinelOne from $25.00 to $27.00 and gave the company an overweight rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, SentinelOne currently has a consensus rating of Moderate Buy and a consensus price target of $27.28.

SentinelOne Stock Down 1.3 %

Shares of NYSE S opened at $24.43 on Monday. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The business has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $22.38. The firm has a market cap of $7.64 billion, a PE ratio of -23.95 and a beta of 0.66.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) earnings per share. On average, analysts anticipate that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares in the company, valued at $10,363,987.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other SentinelOne news, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $54,093.36. Following the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $21.47, for a total value of $1,306,750.08. Following the sale, the chief executive officer now directly owns 1,099,356 shares in the company, valued at $23,603,173.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 610,851 shares of company stock worth $12,036,747. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. acquired a new stake in SentinelOne in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC raised its position in SentinelOne by 49.1% in 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. acquired a new position in SentinelOne during the 4th quarter worth $30,000. Sugarloaf Wealth Management LLC boosted its position in SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of SentinelOne in the 2nd quarter valued at $49,000. Institutional investors own 90.87% of the company’s stock.

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.