Brokerages Set SentinelOne, Inc. (NYSE:S) Target Price at $29.56

Shares of SentinelOne, Inc. (NYSE:S) have received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $29.56.

Several equities research analysts have recently weighed in on S shares. Robert W. Baird increased their target price 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. Cantor Fitzgerald assumed coverage on SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. Oppenheimer started coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd.

SentinelOne Stock Up 3.2 %

S opened at $24.97 on Friday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The business’s 50 day moving average is $23.19 and its two-hundred day moving average is $24.23. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -26.56 and a beta of 0.75.

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

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 70,642 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the sale, the chief executive officer now directly owns 939,726 shares in the company, valued at $22,760,163.72. This represents a 6.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ric Smith sold 41,170 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,744,386.82. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 357,341 shares of company stock valued at $8,423,765. 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 the company. Vanguard Group Inc. lifted its holdings in shares of SentinelOne by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock valued at $663,366,000 after acquiring an additional 399,056 shares in the last quarter. Sylebra Capital LLC lifted its stake in shares of SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares in the last quarter. Invesco Ltd. lifted its stake in shares of SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after purchasing an additional 900,577 shares in the last quarter. State Street Corp boosted its position in shares of SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after buying an additional 4,206,900 shares in the last quarter. 90.87% of the stock is currently 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.