DA Davidson Boosts SentinelOne (NYSE:S) Price Target to $25.00

SentinelOne (NYSE:S) had its target price upped by DA Davidson from $23.00 to $25.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the stock.

S has been the subject of a number of other research reports. Wedbush raised their price target on shares of SentinelOne from $20.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, August 26th. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price target on shares of SentinelOne in a research note on Tuesday, June 25th. Loop Capital increased their price objective on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Citigroup lifted their price objective on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, BTIG Research upped their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Stock Performance

Shares of S opened at $26.36 on Thursday. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The firm has a market capitalization of $8.25 billion, a P/E ratio of -25.84 and a beta of 0.67. The company has a 50-day simple moving average of $23.92 and a 200-day simple moving average of $21.85.

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

Insider Activity

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $208,992.40. Following the completion of the sale, the chief executive officer now owns 1,109,147 shares of the company’s stock, valued at approximately $22,804,062.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the completion of the sale, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $208,992.40. Following the transaction, the chief executive officer now directly owns 1,109,147 shares in the company, valued at $22,804,062.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of SentinelOne during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares during the period. Unique Wealth Strategies LLC bought a new stake in shares of SentinelOne during the second quarter worth $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of SentinelOne during the first quarter worth $80,000. 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.