SentinelOne (NYSE:S) Price Target Raised to $30.00 at Barclays

SentinelOne (NYSE:S) had its target price lifted by Barclays from $28.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 15.61% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on S. Westpark Capital restated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a report on Monday, August 26th. Needham & Company LLC assumed 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. Sanford C. Bernstein cut their price objective on SentinelOne from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $32.00 in a report on Monday. Finally, DA Davidson boosted their price target on SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average price target of $28.20.

SentinelOne Price Performance

Shares of S traded down $0.04 during mid-day trading on Thursday, reaching $25.95. 2,112,656 shares of the company’s stock were exchanged, compared to its average volume of 5,359,780. The business’s fifty day simple moving average is $23.74 and its 200-day simple moving average is $21.80. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76. The stock has a market capitalization of $8.12 billion, a PE ratio of -25.33 and a beta of 0.67.

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

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the completion of the transaction, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $22,453,135.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the transaction, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 5,022 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $114,501.60. Following the completion of the transaction, 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 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 90 days. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

A number of hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in SentinelOne during the second quarter valued at $36,237,000. Vanguard Group Inc. grew its stake in shares of SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after buying an additional 1,694,407 shares in the last quarter. Eminence Capital LP grew its stake in shares of SentinelOne by 24.2% in the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after buying an additional 1,337,145 shares in the last quarter. AXA S.A. acquired a new position in SentinelOne in the second quarter worth approximately $20,082,000. Finally, Sylebra Capital LLC raised its position in SentinelOne by 15.9% during 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 in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.