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

Shares of SentinelOne, Inc. (NYSE:S) have received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $24.87.

Several research analysts have recently commented on the company. Robert W. Baird assumed coverage on SentinelOne in a report on Monday, July 15th. They issued an “outperform” rating and a $25.00 target price on the stock. Wells Fargo & Company reduced their target price on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Westpark Capital reduced their target price on SentinelOne from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Scotiabank reduced their target price on SentinelOne from $25.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday, June 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Friday, May 31st.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 99,502 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at approximately $12,860,663.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $20.54, for a total transaction of $1,250,146.56. Following the completion of the transaction, the chief executive officer now owns 1,119,312 shares in the company, valued at approximately $22,990,668.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ric Smith sold 99,502 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The disclosure for this sale can be found here. Insiders sold a total of 639,582 shares of company stock worth $12,655,659 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently modified their holdings of S. Vanguard Group Inc. grew its holdings in shares of SentinelOne by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock valued at $387,480,000 after acquiring an additional 442,593 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of SentinelOne by 10.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 93,729 shares of the company’s stock valued at $1,580,000 after acquiring an additional 8,568 shares in the last quarter. Legato Capital Management LLC lifted its stake in SentinelOne by 79.7% in the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock valued at $768,000 after purchasing an additional 12,407 shares during the last quarter. Raymond James & Associates lifted its stake in SentinelOne by 210.6% in the 4th quarter. Raymond James & Associates now owns 141,428 shares of the company’s stock valued at $3,881,000 after purchasing an additional 95,893 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in SentinelOne by 185.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 162,807 shares of the company’s stock valued at $4,467,000 after purchasing an additional 105,715 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Down 0.3 %

Shares of S opened at $23.04 on Monday. SentinelOne has a 12-month low of $13.87 and a 12-month high of $30.76. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of -22.59 and a beta of 0.66. The stock’s 50-day moving average price is $20.04 and its 200 day moving average price is $22.96.

SentinelOne (NYSE:S) last released its quarterly earnings data 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 company had revenue of $186.36 million during the quarter, compared to the consensus estimate of $181.11 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities research analysts expect that SentinelOne will post -0.73 EPS 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.