Brokerages Set SentinelOne, Inc. (NYSE:S) PT at $29.42

SentinelOne, Inc. (NYSE:S) has received a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.44.

A number of brokerages have recently commented on S. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price objective on shares of SentinelOne in a research report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. The Goldman Sachs Group restated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research note on Friday, September 13th. Guggenheim reaffirmed a “buy” rating and issued a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Wedbush raised SentinelOne to a “strong-buy” rating in a research report on Thursday, October 17th.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $24.20, for a total transaction of $352,908.60. Following the completion of the sale, the insider now owns 585,647 shares of the company’s stock, valued at approximately $14,172,657.40. This trade represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 418,999 shares of company stock worth $10,373,693. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sylebra Capital LLC increased its position in shares of SentinelOne by 33.7% in 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 during the period. Eminence Capital LP grew its stake in SentinelOne by 24.2% during the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares in the last quarter. State Street Corp increased its holdings in SentinelOne by 11.3% in the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock valued at $121,325,000 after buying an additional 516,244 shares during the period. Geode Capital Management LLC raised its position in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after buying an additional 355,944 shares in the last quarter. Finally, Atreides Management LP raised its position in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after buying an additional 2,200,594 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

S opened at $22.43 on Thursday. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -23.86 and a beta of 0.67. The business’s 50-day moving average price is $26.16 and its two-hundred day moving average price is $23.36. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The firm 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 firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) EPS. Sell-side analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal 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.