SentinelOne (NYSE:S) Given New $30.00 Price Target at Robert W. Baird

SentinelOne (NYSE:S) had its price objective increased by stock analysts at Robert W. Baird from $29.00 to $30.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 12.65% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Citigroup lifted their price objective on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $30.00 price target on shares of SentinelOne in a research note on Friday. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $32.00 in a research report on Monday. Morgan Stanley raised their price target on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $23.00 price objective on shares of SentinelOne in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.60.

SentinelOne Trading Up 2.3 %

Shares of S traded up $0.61 during mid-day trading on Friday, hitting $26.63. The company’s stock had a trading volume of 2,482,686 shares, compared to its average volume of 5,362,505. The company’s 50-day moving average is $23.83 and its 200-day moving average is $21.83. SentinelOne has a 52-week low of $14.33 and a 52-week high of $30.76. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of -28.63 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $198.94 million for the quarter, compared to analyst estimates 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 revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. As a group, sell-side analysts predict that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David J. Bernhardt sold 2,631 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 2,631 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 $54,093.36. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 489,850 shares of company stock worth $11,034,964 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased 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 purchasing an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its position in 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 acquiring an additional 700 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after purchasing an additional 743 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of SentinelOne by 1.8% during the second quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after purchasing an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management lifted its holdings in shares of SentinelOne by 4.9% in the 2nd quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares during the last quarter. 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.