SentinelOne, Inc. (NYSE:S – Get Free Report) shares saw an uptick in trading volume on Wednesday after Robert W. Baird raised their price target on the stock from $25.00 to $28.00. Robert W. Baird currently has an outperform rating on the stock. Approximately 9,895,733 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 8,237,357 shares. The stock last traded at $23.5860 and had previously closed at $24.01.
A number of other research firms also recently weighed in on S. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price objective on shares of SentinelOne in a report on Friday, August 28th. UBS Group increased their target price on SentinelOne from $16.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Citigroup reissued an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. Sanford C. Bernstein downgraded SentinelOne from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $21.00 to $25.00 in a research report on Thursday, September 17th. Finally, FBN Securities lowered SentinelOne from an “outperform” rating to a “sector perform” rating and set a $24.00 price target on the stock. in a research note on Tuesday, October 6th. Seventeen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.05.
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SentinelOne News Summary
Here are the key news stories impacting SentinelOne this week:
- Positive Sentiment: Analyst confidence improved. Robert W. Baird raised its price target from $25 to $28 and assigned an “outperform” rating. Needham also increased its target from $26 to $31 and reiterated a “buy” rating, indicating analysts see meaningful upside based on SentinelOne’s growth prospects.
- Neutral Sentiment: Convertible offering was priced. SentinelOne completed the pricing of $1.25 billion of 0.00% convertible senior notes due 2031 in a private placement. The company also granted initial purchasers an option to buy additional notes. The zero-coupon structure avoids cash interest expense, while the capital provides additional financial flexibility. SentinelOne Announces Pricing of Offering of $1.25 Billion of 0.00% Convertible Senior Notes Due 2031
- Negative Sentiment: Financing triggered selling pressure. Investors appeared more focused on the potential dilution and equity overhang associated with convertible notes than on the favorable analyst revisions. Reports attributed the share decline directly to the proposed offering. SentinelOne To Offer $1.25 Billion of 0% Convertible Senior Notes Due 2031; Shares Fall
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Allied Private Wealth LLC bought a new stake in shares of SentinelOne during the second quarter valued at approximately $25,000. Root Financial Partners LLC raised its position in SentinelOne by 4,582.8% in the 1st quarter. Root Financial Partners LLC now owns 4,355 shares of the company’s stock worth $56,000 after purchasing an additional 4,262 shares during the last quarter. GAMMA Investing LLC raised its position in SentinelOne by 29.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,685 shares of the company’s stock worth $63,000 after purchasing an additional 843 shares during the last quarter. Parallel Advisors LLC raised its position in SentinelOne by 277.7% in the 1st quarter. Parallel Advisors LLC now owns 5,318 shares of the company’s stock worth $68,000 after purchasing an additional 3,910 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in SentinelOne by 31.1% during the 2nd quarter. Versant Capital Management Inc now owns 5,221 shares of the company’s stock worth $89,000 after buying an additional 1,239 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.
SentinelOne Trading Down 1.8%
The firm has a fifty day simple moving average of $22.43 and a 200-day simple moving average of $18.38. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of -23.35 and a beta of 0.70.
SentinelOne (NYSE:S – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, equities analysts predict that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.
About SentinelOne
SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.
The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.
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