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

SentinelOne, Inc. (NYSE:S) has received an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.94.

A number of research firms recently weighed in on S. Canaccord Genuity Group upgraded shares of SentinelOne from a “hold” rating to a “buy” rating and lowered their price target for the stock from $28.00 to $23.00 in a research report on Tuesday, June 4th. Bank of America dropped their price target on SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Robert W. Baird assumed coverage on SentinelOne in a research report on Monday, July 15th. They set an “outperform” rating and a $25.00 price objective on the stock. Loop Capital dropped their target price on SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Barclays cut their target price on SentinelOne from $27.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, May 31st.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $667,901.10. Following the completion of the transaction, the chief executive officer now owns 1,140,564 shares in the company, valued at approximately $19,731,757.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO David J. Bernhardt sold 11,061 shares of SentinelOne stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the sale, the chief financial officer now directly owns 517,298 shares in the company, valued at $8,949,255.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $667,901.10. Following the transaction, the chief executive officer now directly owns 1,140,564 shares in the company, valued at approximately $19,731,757.20. The disclosure for this sale can be found here. Insiders sold 610,851 shares of company stock worth $12,036,747 over the last 90 days. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in SentinelOne by 1,811.2% during the fourth quarter. International Assets Investment Management LLC now owns 37,785 shares of the company’s stock worth $1,037,000 after purchasing an additional 35,808 shares in the last quarter. Strs Ohio acquired a new stake in SentinelOne in the 4th quarter valued at about $814,000. Bison Wealth LLC purchased a new position in SentinelOne during the 4th quarter valued at about $228,000. Flynn Zito Capital Management LLC purchased a new position in SentinelOne during the 4th quarter valued at about $314,000. Finally, Sigma Planning Corp acquired a new position in SentinelOne during the fourth quarter worth about $236,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Price Performance

S opened at $24.01 on Friday. The firm has a fifty day moving average price of $20.93 and a 200 day moving average price of $22.50. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The stock has a market cap of $7.51 billion, a P/E ratio of -23.53 and a beta of 0.66.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $181.11 million. During the same period in the prior year, the business posted ($0.35) EPS. SentinelOne’s revenue was up 39.7% compared to the same quarter last year. Equities analysts expect that SentinelOne will post -0.73 EPS for the current year.

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.