SentinelOne (NYSE:S) PT Raised to $30.00

SentinelOne (NYSE:S) had its target price lifted by stock analysts at Loop Capital from $28.00 to $30.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 29.45% from the stock’s previous close.

S has been the topic of several other research reports. Guggenheim upped their price target on SentinelOne from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. BTIG Research raised SentinelOne from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday, January 22nd. Needham & Company LLC upped their price target on SentinelOne from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Citigroup increased their target price on SentinelOne from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company increased their target price on SentinelOne from $22.00 to $28.00 and gave the company an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.04.

SentinelOne Price Performance

Shares of S stock traded up $1.09 during trading hours on Thursday, hitting $23.18. 8,943,659 shares of the company’s stock were exchanged, compared to its average volume of 6,636,222. The stock’s 50-day moving average is $26.91 and its 200-day moving average is $21.85. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -20.13 and a beta of 0.71. SentinelOne has a 52 week low of $12.43 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, March 13th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $174.18 million for the quarter, compared to analysts’ expectations of $169.40 million. SentinelOne had a negative return on equity of 18.83% and a negative net margin of 54.53%. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Equities research analysts forecast that SentinelOne will post -0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Insight Holdings Group, Llc sold 517,103 shares of SentinelOne stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $22.76, for a total transaction of $11,769,264.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SentinelOne news, CEO Tomer Weingarten sold 47,365 shares of SentinelOne stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.46, for a total value of $1,158,547.90. Following the completion of the transaction, the chief executive officer now directly owns 807,430 shares of the company’s stock, valued at approximately $19,749,737.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 517,103 shares of SentinelOne stock in a transaction on Friday, January 5th. The shares were sold at an average price of $22.76, for a total value of $11,769,264.28. The disclosure for this sale can be found here. Insiders sold a total of 930,108 shares of company stock valued at $22,639,222 over the last three months. Insiders own 5.93% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in shares of SentinelOne in the 1st quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of SentinelOne in the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of SentinelOne in the 3rd quarter valued at $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of SentinelOne in the 3rd quarter valued at $34,000. Finally, Montag A & Associates Inc. increased its stake in shares of SentinelOne by 143.0% in the 3rd quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock valued at $34,000 after purchasing an additional 1,200 shares during the last quarter. 71.33% of the stock is 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 Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.