Scotiabank Forecasts Strong Price Appreciation for SentinelOne (NYSE:S) Stock

SentinelOne (NYSE:S - Free Report) had its target price boosted by Scotiabank from $25.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital boosted their price target on shares of SentinelOne from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Robert W. Baird boosted their target price on shares of SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. JMP Securities reissued a "market outperform" rating and set a $33.00 target price on shares of SentinelOne in a research note on Wednesday, August 28th. Wedbush upgraded shares of SentinelOne to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Piper Sandler upgraded SentinelOne from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $25.00 to $32.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.42.

SentinelOne Price Performance

Shares of NYSE S traded up $0.89 during midday trading on Thursday, reaching $25.78. 9,144,077 shares of the company traded hands, compared to its average volume of 4,009,235. The stock has a 50-day moving average price of $26.31 and a 200 day moving average price of $23.15. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.86% and a negative net margin of 37.61%. The firm's quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) earnings per share. Equities analysts expect that SentinelOne will post -0.73 EPS for the current year.

Insider Activity

In other news, insider Ric Smith sold 23,567 shares of the firm's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the transaction, the insider now owns 585,647 shares in the company, valued at approximately $12,819,812.83. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company's stock, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,754 shares of company stock worth $8,532,505 in the last ninety days. Corporate insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On SentinelOne

Large investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC acquired a new position in SentinelOne during the 3rd quarter worth $26,000. Blue Trust Inc. bought a new stake in SentinelOne during the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC grew its holdings in SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after buying an additional 434 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in SentinelOne in the 2nd quarter valued at approximately $49,000. Finally, Capital Performance Advisors LLP bought a new position in SentinelOne in the 3rd quarter worth approximately $55,000. Institutional investors 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.