Analysts Set SentinelOne, Inc. (NYSE:S) Price Target at $28.60

Shares of SentinelOne, Inc. (NYSE:S) have received an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.60.

Several equities research analysts have commented on S shares. Barclays upped their price target on SentinelOne from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Wedbush upgraded SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company upped their price target on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. Finally, Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $32.00 in a research note on Monday, October 14th.

Insiders Place Their Bets

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares in the company, valued at approximately $22,453,135.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $21.32, for a total value of $85,727.72. Following the completion of the transaction, the chief financial officer now owns 500,064 shares in the company, valued at approximately $10,661,364.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 473,919 shares of company stock worth $10,747,380 in the last three months. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in S. Vanguard Group Inc. boosted its position in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after purchasing an additional 1,694,407 shares during the period. Eminence Capital LP boosted its position in SentinelOne by 24.2% during 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 period. Sylebra Capital LLC boosted its position in SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after purchasing an additional 643,097 shares during the period. Dimensional Fund Advisors LP boosted its position in SentinelOne by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after purchasing an additional 590,628 shares during the period. Finally, Clearbridge Investments LLC boosted its position in SentinelOne by 0.8% during the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after purchasing an additional 20,600 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Trading Up 1.2 %

NYSE S opened at $25.78 on Wednesday. The business’s 50-day moving average price is $24.48 and its 200 day moving average price is $22.22. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The company has a market capitalization of $8.18 billion, a PE ratio of -27.72 and a beta of 0.65.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. Equities analysts predict that SentinelOne will post -0.73 EPS for the current 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.