Wedbush Boosts SentinelOne (NYSE:S) Price Target to $30.00

SentinelOne (NYSE:S) had its price objective boosted by Wedbush from $20.00 to $30.00 in a research note released on Monday, Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other research analysts also recently commented on the stock. Wells Fargo & Company upgraded shares of SentinelOne from an equal weight rating to an overweight rating and lifted their target price for the stock from $19.00 to $29.00 in a report on Thursday, August 22nd. Citigroup cut their price objective on SentinelOne from $25.00 to $20.00 and set a neutral rating for the company in a research report on Wednesday, June 5th. Guggenheim reaffirmed a buy rating and issued a $23.00 target price on shares of SentinelOne in a report on Tuesday, June 25th. Needham & Company LLC upped their price target on SentinelOne from $25.00 to $29.00 and gave the stock a buy rating in a report on Monday. Finally, Barclays raised their price objective on shares of SentinelOne from $22.00 to $26.00 and gave the stock an equal weight rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $27.28.

SentinelOne Price Performance

S stock opened at $24.43 on Monday. The company’s 50 day simple moving average is $21.71 and its 200-day simple moving average is $22.38. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76. The firm has a market capitalization of $7.64 billion, a P/E ratio of -23.95 and a beta of 0.66.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS. Sell-side analysts predict that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $86,880.60. Following the sale, the chief accounting officer now owns 198,174 shares of the company’s stock, valued at $3,428,410.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the transaction, the chief executive officer now directly owns 1,099,356 shares of the company’s stock, valued at $23,603,173.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $86,880.60. Following the completion of the sale, the chief accounting officer now directly owns 198,174 shares of the company’s stock, valued at $3,428,410.20. The disclosure for this sale can be found here. Insiders sold a total of 610,851 shares of company stock worth $12,036,747 in the last quarter. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Vanguard Group Inc. increased its holdings in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. First Trust Advisors LP lifted its stake in SentinelOne by 1.6% during the 4th quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock valued at $284,642,000 after acquiring an additional 162,846 shares in the last quarter. Norges Bank bought a new stake in shares of SentinelOne in the 4th quarter worth $228,872,000. Eminence Capital LP raised its holdings in shares of SentinelOne by 24.2% in the second 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 last quarter. Finally, Sylebra Capital LLC lifted its position in shares of SentinelOne by 10.5% during the second 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 in the last quarter. 90.87% of the stock is 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.