Barclays Increases SentinelOne (NYSE:S) Price Target to $28.00

SentinelOne (NYSE:S) had its price target hoisted by Barclays from $26.00 to $28.00 in a report released on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

S has been the topic of several other reports. Westpark Capital reiterated a buy rating and set a $34.00 target price on shares of SentinelOne in a report on Monday, August 26th. Baird R W upgraded SentinelOne to a strong-buy rating in a report on Monday, July 15th. Loop Capital raised their target price on SentinelOne from $25.00 to $30.00 and gave the company a buy rating in a report on Wednesday. JMP Securities reiterated a market outperform rating and set a $33.00 target price on shares of SentinelOne in a report on Friday, May 31st. Finally, Sanford C. Bernstein dropped their price objective on SentinelOne from $37.00 to $32.00 and set an outperform rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $27.28.

SentinelOne Price Performance

SentinelOne stock opened at $23.57 on Wednesday. The stock’s 50-day moving average is $21.94 and its 200-day moving average is $22.35. The company has a market cap of $7.37 billion, a price-to-earnings ratio of -23.11 and a beta of 0.66. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Activity

In related news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $191,355.30. Following the completion of the transaction, the chief financial officer now directly owns 517,298 shares in the company, valued at approximately $8,949,255.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO David J. Bernhardt sold 11,061 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $191,355.30. Following the completion of the transaction, the chief financial officer now directly owns 517,298 shares in the company, valued at approximately $8,949,255.40. The sale was disclosed in a document filed 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 on Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the transaction, the insider now owns 639,834 shares of the company’s stock, valued at $12,860,663.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 610,851 shares of company stock worth $12,036,747. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of SentinelOne by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after purchasing an additional 409,454 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of SentinelOne by 25.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock worth $43,006,000 after purchasing an additional 375,275 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of SentinelOne by 874.1% in the first quarter. Principal Financial Group Inc. now owns 157,273 shares of the company’s stock worth $3,666,000 after purchasing an additional 141,127 shares in the last quarter. Highland Capital Management LLC bought a new position in shares of SentinelOne in the first quarter worth $1,099,000. Finally, Seven Eight Capital LP bought a new position in shares of SentinelOne in the fourth quarter worth $3,074,000. 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.