SentinelOne (NYSE:S) PT Raised to $27.00 at Morgan Stanley

SentinelOne (NYSE:S) had its price objective hoisted by Morgan Stanley from $25.00 to $27.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Scotiabank dropped their price target on SentinelOne from $25.00 to $18.00 and set a sector perform rating for the company in a research report on Monday, June 3rd. BTIG Research dropped their price target on SentinelOne from $30.00 to $23.00 and set a buy rating for the company in a research report on Friday, May 31st. Canaccord Genuity Group upgraded SentinelOne from a hold rating to a buy rating and dropped their price target for the company from $28.00 to $23.00 in a research report on Tuesday, June 4th. Loop Capital dropped their price target on SentinelOne from $30.00 to $25.00 and set a buy rating for the company in a research report on Friday, May 31st. Finally, Robert W. Baird assumed coverage on SentinelOne in a research report on Monday, July 15th. They issued an outperform rating and a $25.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of Moderate Buy and a consensus price target of $24.94.

SentinelOne Price Performance

SentinelOne stock opened at $23.17 on Friday. SentinelOne has a 12 month low of $13.87 and a 12 month high of $30.76. The business has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $22.65. The stock has a market capitalization of $7.25 billion, a PE ratio of -22.72 and a beta of 0.66.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The business had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) EPS. As a group, equities research analysts anticipate that SentinelOne will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ric Smith sold 99,502 shares of SentinelOne stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $20.10, for a total value of $1,999,990.20. Following the completion of the transaction, the insider now owns 639,834 shares in the company, valued at approximately $12,860,663.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $86,880.60. Following the completion of the transaction, the chief accounting officer now owns 198,174 shares in the company, valued at approximately $3,428,410.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 99,502 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $20.10, for a total value of $1,999,990.20. Following the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $12,860,663.40. The disclosure for this sale can be found here. Insiders have sold 610,851 shares of company stock worth $12,036,747 in the last three months. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in SentinelOne during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its position in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after acquiring an additional 434 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in SentinelOne during the 4th quarter worth $30,000. Sugarloaf Wealth Management LLC boosted its position in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after acquiring an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new position in SentinelOne during the 2nd quarter worth $49,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

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.