SentinelOne (NYSE:S) PT Raised to $25.00 at Citigroup

SentinelOne (NYSE:S) had its price objective upped by Citigroup from $20.00 to $25.00 in a report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on S. Canaccord Genuity Group raised shares of SentinelOne from a hold rating to a buy rating and dropped their target price for the stock from $28.00 to $23.00 in a report on Tuesday, June 4th. Morgan Stanley increased their target price on shares of SentinelOne from $27.00 to $29.00 and gave the stock an overweight rating in a report on Wednesday. Baird R W raised shares of SentinelOne to a strong-buy rating in a report on Monday, July 15th. Robert W. Baird raised their price objective on shares of SentinelOne from $25.00 to $29.00 and gave the company an outperform rating in a report on Monday, August 26th. Finally, Bank of America dropped their price objective on shares of SentinelOne from $35.00 to $29.00 and set a buy rating for the company in a report on Friday, May 31st. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $27.28.

SentinelOne Stock Performance

S stock opened at $23.56 on Wednesday. The company’s 50-day simple moving average is $21.94 and its 200 day simple moving average is $22.31. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76. The company has a market capitalization of $7.37 billion, a PE ratio of -23.10 and a beta of 0.66.

SentinelOne (NYSE:S) last posted its earnings results on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The firm 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 business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) earnings per share. On average, analysts forecast that SentinelOne will post -0.73 EPS for the current year.

Insider Buying and Selling

In related news, insider Ric Smith sold 24,467 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 $423,279.10. Following the transaction, the insider now directly owns 666,419 shares in the company, valued at approximately $11,529,048.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Ric Smith sold 24,467 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 $423,279.10. Following the transaction, the insider now directly owns 666,419 shares in the company, valued at approximately $11,529,048.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tomer Weingarten sold 38,607 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 $667,901.10. Following the completion of the transaction, the chief executive officer now owns 1,140,564 shares in the company, valued at $19,731,757.20. The disclosure for this sale can be found here. Insiders have sold a total of 610,851 shares of company stock worth $12,036,747 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock valued at $586,456,000 after acquiring an additional 1,694,407 shares in the last quarter. First Trust Advisors LP raised its stake in shares of SentinelOne by 1.6% during the 4th quarter. First Trust Advisors LP now owns 10,373,253 shares of the company’s stock worth $284,642,000 after purchasing an additional 162,846 shares during the period. Norges Bank bought a new stake in shares of SentinelOne during the 4th quarter worth $228,872,000. Eminence Capital LP raised its stake in shares of SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after purchasing an additional 1,337,145 shares during the period. Finally, Sylebra Capital LLC raised its stake 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 purchasing an additional 643,097 shares during the period. 90.87% of the stock is currently owned by institutional investors.

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.