SentinelOne (NYSE:S) Reaches New 1-Year High – What’s Next?

SentinelOne, Inc. (NYSE:S) hit a new 52-week high during trading on Wednesday . The company traded as high as $24.30 and last traded at $24.2450, with a volume of 2532415 shares trading hands. The stock had previously closed at $23.85.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler upped their price target on shares of SentinelOne from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Wolfe Research set a $20.00 price objective on SentinelOne in a research report on Friday, May 29th. Canaccord Genuity Group upped their target price on SentinelOne from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 28th. The Goldman Sachs Group raised their price target on SentinelOne from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 31st. Finally, TD Cowen boosted their price target on SentinelOne from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.64.

SentinelOne Price Performance

The stock has a market cap of $8.35 billion, a price-to-earnings ratio of -23.74 and a beta of 0.77. The firm’s 50-day moving average is $20.76 and its 200 day moving average is $17.28.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) earnings per share. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, sell-side analysts forecast that SentinelOne, Inc. will post -0.46 EPS for the current year.

Insider Activity

In other SentinelOne news, COO Barry L. Padgett sold 9,778 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $196,440.02. Following the completion of the sale, the chief operating officer directly owned 977,430 shares in the company, valued at $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Conder sold 8,312 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total transaction of $164,494.48. Following the completion of the sale, the insider directly owned 948,046 shares of the company’s stock, valued at $18,761,830.34. The trade was a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 445,756 shares of company stock worth $8,621,569. Insiders own 4.27% of the company’s stock.

Institutional Trading of SentinelOne

Several large investors have recently added to or reduced their stakes in S. Norges Bank purchased a new position in SentinelOne in the fourth quarter valued at about $54,770,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of SentinelOne in the second quarter worth about $59,607,000. Wellington Management Group LLP grew its stake in shares of SentinelOne by 216.0% in the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock valued at $85,110,000 after buying an additional 3,428,192 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of SentinelOne during the 4th quarter valued at about $25,746,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of SentinelOne during the 1st quarter valued at about $17,434,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.