SentinelOne (NYSE:S) Price Target Raised to $30.00

SentinelOne (NYSE:S) had its price objective upped by Barclays from $28.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 15.61% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Guggenheim reissued a “buy” rating and set a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. Westpark Capital reissued a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Monday, August 26th. Scotiabank lifted their price objective on SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a report on Wednesday, August 28th. Finally, Citigroup boosted their price target on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.20.

SentinelOne Price Performance

S traded down $0.04 on Thursday, hitting $25.95. The company had a trading volume of 2,112,656 shares, compared to its average volume of 5,359,780. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The company’s fifty day moving average price is $23.74 and its 200 day moving average price is $21.80. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of -25.33 and a beta of 0.67.

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

Insider Activity

In related news, 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 value of $343,283.82. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now owns 639,834 shares in the company, valued at approximately $15,061,692.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total transaction of $1,539,859.20. Following the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at approximately $26,299,274.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 489,850 shares of company stock worth $11,034,964. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of S. Vanguard Group Inc. increased its stake in SentinelOne by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after acquiring an additional 1,694,407 shares during the last quarter. Eminence Capital LP increased its stake in shares of SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares during the period. Sylebra Capital LLC boosted its holdings in shares of SentinelOne by 10.5% during the second quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock worth $142,424,000 after purchasing an additional 643,097 shares during the period. Dimensional Fund Advisors LP grew its position in shares of SentinelOne by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock worth $77,299,000 after buying an additional 590,628 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in SentinelOne by 0.8% in the second quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after acquiring an additional 20,600 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

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.