Analysts Set SentinelOne, Inc. (NYSE:S) PT at $28.60

SentinelOne, Inc. (NYSE:S - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-six analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.60.

S has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $30.00 price target on shares of SentinelOne in a research report on Friday, October 18th. Piper Sandler upgraded SentinelOne from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $25.00 to $32.00 in a report on Monday, October 14th. Wells Fargo & Company raised their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Sanford C. Bernstein dropped their target price on shares of SentinelOne from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SentinelOne from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, August 23rd.

SentinelOne Stock Performance

Shares of S stock traded down $0.08 during trading hours on Wednesday, reaching $26.46. The company had a trading volume of 2,839,467 shares, compared to its average volume of 5,298,960. The company has a market capitalization of $8.39 billion, a P/E ratio of -28.46 and a beta of 0.67. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The stock's fifty day simple moving average is $24.37 and its 200 day simple moving average is $22.03.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) EPS. As a group, equities analysts expect that SentinelOne will post -0.73 earnings per share for the current year.

Insider Activity

In other news, CFO David J. Bernhardt sold 2,631 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total value of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares in the company, valued at $10,363,987.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO David J. Bernhardt sold 2,631 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 transaction of $54,093.36. Following the transaction, the chief financial officer now directly owns 504,085 shares in the company, valued at $10,363,987.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 82,116 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now owns 1,039,497 shares of the company's stock, valued at approximately $22,453,135.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 489,850 shares of company stock worth $11,074,922. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of SentinelOne by 874.1% during the 1st quarter. Principal Financial Group Inc. now owns 157,273 shares of the company's stock worth $3,666,000 after acquiring an additional 141,127 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of SentinelOne by 34.3% in the first quarter. Van ECK Associates Corp now owns 89,594 shares of the company's stock worth $2,088,000 after buying an additional 22,865 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in shares of SentinelOne during the 1st quarter worth $454,000. Flynn Zito Capital Management LLC grew its stake in SentinelOne by 33.3% in the 1st quarter. Flynn Zito Capital Management LLC now owns 15,266 shares of the company's stock valued at $356,000 after buying an additional 3,811 shares during the last quarter. Finally, BNP Paribas bought a new position in SentinelOne in the 1st quarter worth $862,000. Institutional investors and hedge funds own 90.87% of the company's stock.

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.