Brokerages Set SentinelOne, Inc. (NYSE:S) PT at $29.46

SentinelOne, Inc. (NYSE:S) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.56.

Several research analysts have recently issued reports on S shares. Citigroup lowered their price objective on SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer initiated coverage on SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price target for the company. DA Davidson raised their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Finally, Susquehanna increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th.

SentinelOne Stock Up 0.5 %

Shares of NYSE:S opened at $22.32 on Monday. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of -23.75 and a beta of 0.74. The firm’s 50 day moving average price is $24.62 and its 200 day moving average price is $23.96.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. On average, equities analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $26.28, for a total transaction of $383,241.24. Following the transaction, the insider now directly owns 585,647 shares in the company, valued at approximately $15,390,803.16. This represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. This trade represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 358,135 shares of company stock worth $8,757,911. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of S. Waldron Private Wealth LLC acquired a new position in SentinelOne during the third quarter worth about $26,000. Modus Advisors LLC acquired a new position in shares of SentinelOne during the 4th quarter worth approximately $48,000. Capital Performance Advisors LLP acquired a new position in shares of SentinelOne during the 3rd quarter worth approximately $55,000. Blue Trust Inc. lifted its stake in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,223 shares in the last quarter. Finally, Huntington National Bank grew its holdings in SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,765 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.