Robert W. Baird Increases SentinelOne (NYSE:S) Price Target to $29.00

SentinelOne (NYSE:S) had its price objective raised by Robert W. Baird from $25.00 to $29.00 in a research note released on Monday, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other analysts have also issued reports on the company. BTIG Research lowered their target price on SentinelOne from $30.00 to $23.00 and set a buy rating on the stock in a research note on Friday, May 31st. UBS Group lowered their target price on SentinelOne from $29.00 to $27.00 and set a buy rating on the stock in a research note on Friday, May 31st. JPMorgan Chase & Co. 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 23rd. Needham & Company LLC boosted their price objective on SentinelOne from $25.00 to $29.00 and gave the company a buy rating in a research note on Monday. Finally, Baird R W upgraded SentinelOne to a strong-buy rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SentinelOne presently has an average rating of Moderate Buy and a consensus target price of $27.28.

SentinelOne Trading Down 0.7 %

Shares of SentinelOne stock opened at $24.27 on Monday. The firm has a market capitalization of $7.59 billion, a P/E ratio of -23.79 and a beta of 0.66. The business’s fifty day simple moving average is $21.83 and its 200 day simple moving average is $22.40. SentinelOne has a 12 month low of $14.33 and a 12 month high of $30.76.

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

Insider Transactions at SentinelOne

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

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. bought a new position in shares of SentinelOne during the fourth quarter valued at approximately $30,000. Blue Trust Inc. purchased a new stake in SentinelOne in the second quarter worth $27,000. Allspring Global Investments Holdings LLC lifted its stake in SentinelOne by 49.1% in the second 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. 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 acquiring an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC purchased a new stake in SentinelOne in the second quarter worth $49,000. Institutional investors 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.