SentinelOne (NYSE:S) Price Target Increased to $30.00 by Analysts at Loop Capital

SentinelOne (NYSE:S) had its price target upped by equities researchers at Loop Capital from $25.00 to $30.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target points to a potential upside of 21.19% from the stock’s current price.

Several other equities analysts have also recently commented on S. Wedbush boosted their price target on shares of SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a report on Monday. Sanford C. Bernstein lowered their target price on SentinelOne from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $23.00 target price on shares of SentinelOne in a research report on Tuesday, June 25th. Citigroup reduced their price target on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Finally, Needham & Company LLC increased their price objective on SentinelOne from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.22.

SentinelOne Trading Down 0.5 %

Shares of NYSE S opened at $24.76 on Wednesday. The firm has a market capitalization of $7.75 billion, a PE ratio of -24.27 and a beta of 0.66. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The business has a 50-day moving average price of $21.58 and a two-hundred day moving average price of $22.37.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share. Research analysts anticipate that SentinelOne will post -0.73 EPS for the current year.

Insider Activity at SentinelOne

In related news, insider Ric Smith sold 14,583 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $23.54, for a total value of $343,283.82. Following the completion of the sale, the insider now owns 639,834 shares in the company, valued at $15,061,692.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $86,880.60. Following the sale, the chief accounting officer now owns 198,174 shares in the company, valued at $3,428,410.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the completion of the transaction, the insider now owns 639,834 shares of the company’s stock, valued at approximately $15,061,692.36. The disclosure for this sale can be found here. Insiders sold a total of 610,851 shares of company stock worth $12,036,747 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

A number of institutional investors and hedge funds have recently added to or reduced their stakes in S. Evoke Wealth LLC raised its stake in SentinelOne by 0.3% during the fourth quarter. Evoke Wealth LLC now owns 141,557 shares of the company’s stock worth $3,884,000 after acquiring an additional 378 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of SentinelOne by 49.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after purchasing an additional 434 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of SentinelOne by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,330 shares of the company’s stock worth $476,000 after purchasing an additional 519 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of 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 purchasing an additional 700 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in SentinelOne by 19.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock valued at $107,000 after purchasing an additional 743 shares during the last quarter. 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.