SentinelOne (NYSE:S) Price Target Increased to $30.00 by Analysts at Robert W. Baird

SentinelOne (NYSE:S) had its target price raised by research analysts at Robert W. Baird from $29.00 to $30.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 12.65% from the company’s current price.

A number of other brokerages have also commented on S. JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. JMP Securities reissued a “market outperform” rating and set a $33.00 price target on shares of SentinelOne in a report on Wednesday, August 28th. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. Wedbush increased their target price on shares of SentinelOne from $20.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Finally, DA Davidson upped their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Stock Performance

S stock traded up $0.61 during mid-day trading on Friday, hitting $26.63. 2,482,686 shares of the company were exchanged, compared to its average volume of 5,362,505. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The firm’s 50 day simple moving average is $23.83 and its 200 day simple moving average is $21.83. The firm has a market cap of $8.45 billion, a P/E ratio of -28.63 and a beta of 0.67.

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

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 2,631 shares of the firm’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 transaction, the chief financial officer now owns 504,085 shares in the company, valued at $10,363,987.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the transaction, the chief executive officer now owns 1,039,497 shares of the company’s stock, valued at $26,299,274.10. 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 valued at $11,034,964 over the last quarter. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of SentinelOne during the 2nd quarter valued at $36,237,000. Vanguard Group Inc. raised its stake in SentinelOne by 7.2% during the first 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 in the last quarter. Eminence Capital LP grew its position in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after acquiring an additional 1,337,145 shares in the last quarter. AXA S.A. bought a new position in shares of SentinelOne during the 2nd quarter valued at approximately $20,082,000. Finally, Sylebra Capital LLC raised its stake in shares of SentinelOne by 15.9% in the first quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock valued at $142,724,000 after acquiring an additional 838,818 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

About SentinelOne

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.