SentinelOne, Inc. (NYSE:S) Receives $24.87 Consensus Target Price from Analysts

Shares of SentinelOne, Inc. (NYSE:S) have earned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.94.

Several analysts recently commented on the stock. Guggenheim restated a “buy” rating and set a $23.00 price target on shares of SentinelOne in a report on Tuesday, June 25th. Barclays dropped their price target on shares of SentinelOne from $27.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. Citigroup reduced 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, July 12th. Finally, Loop Capital reduced their price target on SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 31st.

Insiders Place Their Bets

In related news, insider Ric Smith sold 24,467 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $423,279.10. Following the sale, the insider now owns 666,419 shares of the company’s stock, valued at approximately $11,529,048.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $21.83, for a total value of $1,328,661.12. Following the completion of the sale, the chief executive officer now directly owns 1,119,312 shares in the company, valued at $24,434,580.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $17.30, for a total value of $423,279.10. Following the completion of the transaction, the insider now directly owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The disclosure for this sale can be found here. Insiders sold a total of 610,851 shares of company stock worth $12,036,747 over the last quarter. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new position in SentinelOne during the 4th quarter valued at about $30,000. Blue Trust Inc. acquired a new position in SentinelOne in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC grew its holdings in SentinelOne by 49.1% during the 2nd 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 position in shares of SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of SentinelOne in the 2nd quarter valued at $49,000. 90.87% of the stock is owned by institutional investors.

SentinelOne Stock Up 1.1 %

Shares of NYSE:S opened at $24.01 on Friday. The company’s fifty day moving average is $20.93 and its two-hundred day moving average is $22.50. The company has a market cap of $7.51 billion, a P/E ratio of -23.53 and a beta of 0.66. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The business had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts anticipate that SentinelOne will post -0.73 earnings per share for the current 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.