SentinelOne (NYSE:S) Price Target Increased to $30.00 by Analysts at Barclays

SentinelOne (NYSE:S) had its price objective hoisted by investment analysts at Barclays from $28.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 13.81% from the company’s previous close.

A number of other analysts also recently weighed in on the company. BTIG Research boosted their target price on SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Citigroup upped their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Sanford C. Bernstein decreased their target price on shares of SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their price target for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Robert W. Baird lifted their price objective on SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.60.

SentinelOne Price Performance

Shares of NYSE:S opened at $26.36 on Thursday. The company’s fifty day moving average price is $23.92 and its 200-day moving average price is $21.85. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67. SentinelOne has a one year low of $14.33 and a one year high of $30.76.

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

Insider Buying and Selling

In other news, CEO Tomer Weingarten sold 10,165 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $208,992.40. Following the completion of the transaction, the chief executive officer now directly owns 1,109,147 shares in the company, valued at $22,804,062.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tomer Weingarten sold 10,165 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $208,992.40. Following the sale, the chief executive officer now owns 1,109,147 shares in the company, valued at approximately $22,804,062.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 489,850 shares of company stock worth $11,034,964 in the last 90 days. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. bought a new stake in SentinelOne in the 2nd quarter worth about $27,000. Allspring Global Investments Holdings LLC grew its stake in shares of SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in shares of SentinelOne by 56.0% during 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 during the last quarter. Unique Wealth Strategies LLC bought a new position in SentinelOne during the second quarter valued at approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of SentinelOne in the 1st quarter worth $80,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.