JPMorgan Chase & Co. Raises SentinelOne (NYSE:S) Price Target to $27.00

SentinelOne (NYSE:S) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $25.00 to $27.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 9.09% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley boosted their price objective on SentinelOne from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, July 12th. Westpark Capital lowered their price target on SentinelOne from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Loop Capital decreased their price target on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, Citigroup lowered their target price on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.56.

SentinelOne Trading Up 0.8 %

S stock traded up $0.19 during midday trading on Friday, hitting $24.75. The company’s stock had a trading volume of 197,545 shares, compared to its average volume of 5,484,895. The company has a market cap of $7.74 billion, a PE ratio of -24.26 and a beta of 0.66. The firm’s 50-day moving average is $21.18 and its 200-day moving average is $22.53. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Activity

In other SentinelOne news, insider Ric Smith sold 24,467 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the completion of the sale, the insider now directly owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Tomer Weingarten sold 38,607 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $667,901.10. Following the transaction, the chief executive officer now directly owns 1,140,564 shares of the company’s stock, valued at approximately $19,731,757.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 24,467 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the transaction, the insider now owns 666,419 shares in the company, valued at approximately $11,529,048.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 610,851 shares of company stock worth $12,036,747. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently made changes to their positions in the company. Truist Financial Corp grew its stake in SentinelOne by 17.4% during the 2nd quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after acquiring an additional 4,110 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of SentinelOne by 10.5% during the 2nd quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock worth $142,424,000 after acquiring an additional 643,097 shares during the period. Creative Planning boosted its position in shares of SentinelOne by 62.8% during the 2nd quarter. Creative Planning now owns 29,758 shares of the company’s stock valued at $626,000 after acquiring an additional 11,478 shares during the last quarter. Straight Path Wealth Management grew its holdings in shares of SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after purchasing an additional 1,000 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in SentinelOne by 21.0% during the second quarter. The Manufacturers Life Insurance Company now owns 70,507 shares of the company’s stock worth $1,484,000 after purchasing an additional 12,258 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.