SentinelOne (NYSE:S) Price Target Raised to $25.00

SentinelOne (NYSE:S) had its price objective lifted by DA Davidson from $23.00 to $25.00 in a research report sent to investors on Thursday, Marketbeat reports. DA Davidson currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company upped their target price on SentinelOne from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Robert W. Baird upped their price objective on SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, August 26th. Piper Sandler raised shares of SentinelOne from a “neutral” rating to an “overweight” rating and raised their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Susquehanna upped their price target on shares of SentinelOne from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. Finally, Barclays lifted their price objective on shares of SentinelOne from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Stock Up 1.3 %

NYSE:S opened at $26.36 on Thursday. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The company has a market cap of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67. The business has a 50 day moving average price of $23.92 and a two-hundred day moving average price of $21.85.

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

Insiders Place Their Bets

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 stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the sale, the chief financial officer now directly owns 504,085 shares in the company, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total transaction of $114,501.60. Following the sale, the chief accounting officer now directly owns 193,542 shares in the company, valued at $4,412,757.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $54,093.36. Following the completion of the transaction, the chief financial officer now owns 504,085 shares of the company’s stock, valued at $10,363,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 489,850 shares of company stock worth $11,034,964 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares during the last quarter. Archford Capital Strategies LLC boosted its position in SentinelOne by 1.8% in the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock valued at $965,000 after buying an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management grew its stake in shares of SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock worth $453,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

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.