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

SentinelOne (NYSE:S) had its price objective lifted by stock analysts at DA Davidson from $23.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential downside of 3.59% from the stock’s previous close.

Several other analysts have also recently weighed in on S. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 price target on shares of SentinelOne in a report on Friday, September 13th. Scotiabank lifted their target price on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on shares of SentinelOne from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Loop Capital lifted their price objective on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Wedbush upped their target price on SentinelOne from $20.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $28.28.

SentinelOne Price Performance

SentinelOne stock traded down $0.06 during mid-day trading on Thursday, hitting $25.93. The company’s stock had a trading volume of 3,196,182 shares, compared to its average volume of 5,365,360. The business has a 50 day moving average price of $23.74 and a 200-day moving average price of $21.80. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of -25.56 and a beta of 0.67.

SentinelOne (NYSE:S) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $208,992.40. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 10,165 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total value of $208,992.40. Following the transaction, the chief executive officer now directly owns 1,109,147 shares in the company, valued at approximately $22,804,062.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the sale, the insider now directly owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 489,850 shares of company stock worth $11,034,964 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in S. Blue Trust Inc. bought a new position in SentinelOne during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC lifted its holdings in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after acquiring an additional 700 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of SentinelOne during the 2nd quarter valued at approximately $49,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in SentinelOne during the first quarter worth $80,000. 90.87% of the stock is currently 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.