SentinelOne (NYSE:S) Price Target Raised to $30.00 at BTIG Research

SentinelOne (NYSE:S) had its price objective hoisted by investment analysts at BTIG Research from $28.00 to $30.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 24.33% from the company’s current price.

Several other equities research analysts also recently commented on the company. Morgan Stanley raised their target price on SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $23.00 target price on shares of SentinelOne in a report on Tuesday, June 25th. Citigroup dropped their target price on SentinelOne from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. UBS Group dropped their target price on SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Robert W. Baird lifted their price objective on SentinelOne from $25.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.08.

SentinelOne Trading Down 2.5 %

Shares of SentinelOne stock traded down $0.62 during trading hours on Wednesday, reaching $24.13. The stock had a trading volume of 7,774,387 shares, compared to its average volume of 5,558,735. The firm has a 50 day simple moving average of $21.58 and a two-hundred day simple moving average of $22.37. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of -23.66 and a beta of 0.66. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

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

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 38,607 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 $667,901.10. Following the transaction, the chief executive officer now owns 1,140,564 shares of the company’s stock, valued at $19,731,757.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the sale, the chief financial officer now directly owns 517,298 shares in the company, valued at $8,949,255.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 38,607 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $667,901.10. Following the sale, the chief executive officer now owns 1,140,564 shares of the company’s stock, valued at $19,731,757.20. The disclosure for this sale can be found here. Insiders have sold 610,851 shares of company stock valued at $12,036,747 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new position in shares of SentinelOne during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 last quarter. Newbridge Financial Services Group Inc. bought a new stake in SentinelOne in the fourth quarter worth $30,000. Sugarloaf Wealth Management LLC lifted its stake in SentinelOne by 56.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock worth $41,000 after purchasing an additional 700 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new stake in SentinelOne in the second quarter worth $49,000. 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.