SentinelOne (NYSE:S) Given New $25.00 Price Target at DA Davidson

SentinelOne (NYSE:S) had its price objective raised by DA Davidson from $23.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective points to a potential downside of 3.59% from the company’s previous close.

Other analysts have also issued reports about the stock. Baird R W raised shares of SentinelOne to a “strong-buy” rating in a research note on Monday, July 15th. Scotiabank increased their price target on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Robert W. Baird boosted 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. Morgan Stanley raised their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Needham & Company LLC started coverage on shares of SentinelOne in a research report on Thursday. They issued a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.28.

SentinelOne Stock Down 0.2 %

NYSE S traded down $0.06 during trading hours on Thursday, hitting $25.93. The company had a trading volume of 3,196,182 shares, compared to its average volume of 5,365,360. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a market cap of $8.11 billion, a P/E ratio of -25.56 and a beta of 0.67. The business has a fifty day simple moving average of $23.74 and a 200-day simple moving average of $21.80.

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

Insider Activity at SentinelOne

In other news, CAO Robin Tomasello sold 5,022 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the transaction, the chief accounting officer now directly owns 193,542 shares of the company’s stock, valued at approximately $4,412,757.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $114,501.60. Following the completion of the sale, the chief accounting officer now owns 193,542 shares of the company’s stock, valued at approximately $4,412,757.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at approximately $26,299,274.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 489,850 shares of company stock valued at $11,034,964. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC bought a new stake in SentinelOne during the 3rd quarter valued at approximately $204,000. Swedbank AB boosted its position in shares of SentinelOne by 25.0% in the third quarter. Swedbank AB now owns 2,500,000 shares of the company’s stock valued at $59,800,000 after acquiring an additional 500,000 shares during the period. Wedmont Private Capital grew its stake in shares of SentinelOne by 12.7% in the third quarter. Wedmont Private Capital now owns 12,728 shares of the company’s stock worth $296,000 after acquiring an additional 1,439 shares during the last quarter. CWM LLC increased its position in SentinelOne by 391.5% during the third quarter. CWM LLC now owns 28,114 shares of the company’s stock worth $672,000 after acquiring an additional 22,394 shares during the period. Finally, Diversified Trust Co acquired a new position in SentinelOne during the 3rd quarter valued at $809,000. 90.87% of the stock is currently 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.