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

SentinelOne (NYSE:S) had its target price upped by Wells Fargo & Company from $29.00 to $30.00 in a research note released on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

S has been the subject of several other reports. BTIG Research cut their price objective on shares of SentinelOne from $30.00 to $23.00 and set a buy rating for the company in a research report on Friday, May 31st. Wedbush raised their price objective on shares of SentinelOne from $20.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, August 26th. Canaccord Genuity Group upgraded shares of SentinelOne from a hold rating to a buy rating and dropped their price target for the company from $28.00 to $23.00 in a research report on Tuesday, June 4th. DA Davidson lifted their price target on shares of SentinelOne from $17.00 to $18.50 and gave the company a neutral rating in a research report on Thursday, June 27th. Finally, Barclays lifted their price target on shares of SentinelOne from $26.00 to $28.00 and gave the company an equal weight rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $27.28.

SentinelOne Trading Down 2.8 %

NYSE:S opened at $23.57 on Wednesday. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $22.35. The company has a market cap of $7.37 billion, a P/E ratio of -23.11 and a beta of 0.66. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

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

Insider Buying and Selling

In related news, insider Ric Smith sold 24,467 shares of SentinelOne stock in a transaction that occurred on Thursday, June 6th. The shares were 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 owns 666,419 shares in the company, valued at $11,529,048.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ric Smith sold 24,467 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the completion of the sale, the insider now owns 666,419 shares in the company, valued at approximately $11,529,048.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the sale, the chief executive officer now owns 1,099,356 shares of the company’s stock, valued at approximately $23,603,173.32. The disclosure for this sale can be found here. Insiders sold 610,851 shares of company stock worth $12,036,747 over the last 90 days. 5.60% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of SentinelOne in the 4th quarter valued at $228,872,000. Trivest Advisors Ltd acquired a new position in shares of SentinelOne in the 4th quarter valued at $143,273,000. Eminence Capital LP increased its holdings in shares of SentinelOne by 89.7% in the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock valued at $149,130,000 after acquiring an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of SentinelOne in the 2nd quarter valued at $36,237,000. Finally, Vanguard Group Inc. increased its holdings in shares of SentinelOne by 7.2% in 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 during the period. Hedge funds and other 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.