SentinelOne (NYSE:S) Reaches New 1-Year High – Still a Buy?

SentinelOne, Inc. (NYSE:S) shares reached a new 52-week high during trading on Thursday. The stock traded as high as $24.45 and last traded at $24.4830, with a volume of 3889377 shares. The stock had previously closed at $23.76.

Analysts Set New Price Targets

A number of research firms recently commented on S. JPMorgan Chase & Co. lifted their target price on SentinelOne from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of SentinelOne in a report on Friday, August 28th. Citigroup reissued an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. Barclays raised their price objective on shares of SentinelOne from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 28th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of SentinelOne in a research note on Friday, August 28th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.64.

SentinelOne Stock Performance

The firm has a fifty day moving average price of $21.27 and a 200 day moving average price of $17.67. The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of -24.24 and a beta of 0.77.

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

Insider Activity

In other news, COO Barry L. Padgett sold 9,778 shares of SentinelOne stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.09, for a total value of $196,440.02. Following the completion of the sale, the chief operating officer owned 977,430 shares of the company’s stock, valued at $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 dated Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total value of $164,494.48. Following the transaction, the insider owned 948,046 shares in the company, valued at $18,761,830.34. This trade represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 387,815 shares of company stock worth $7,595,434 in the last quarter. 4.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of SentinelOne by 216.0% in the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock valued at $85,110,000 after purchasing an additional 3,428,192 shares during the last quarter. Geode Capital Management LLC lifted its position in SentinelOne by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 5,574,144 shares of the company’s stock valued at $83,630,000 after buying an additional 226,173 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of SentinelOne during the second quarter worth about $59,607,000. Dimensional Fund Advisors LP raised its stake in shares of SentinelOne by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company’s stock valued at $59,142,000 after purchasing an additional 461,411 shares during the period. Finally, Norges Bank acquired a new position in shares of SentinelOne in the fourth quarter worth about $54,770,000. 90.87% of the stock is owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

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