SentinelOne (NYSE:S) Sets New 52-Week High – Still a Buy?

SentinelOne, Inc. (NYSE:S)’s stock price reached a new 52-week high on Thursday . The company traded as high as $24.14 and last traded at $24.1090, with a volume of 2637748 shares trading hands. The stock had previously closed at $23.17.

Wall Street Analyst Weigh In

Several research analysts recently commented on S shares. Citizens Jmp lifted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, August 28th. Needham & Company LLC boosted their price objective on shares of SentinelOne from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Susquehanna increased their target price on shares of SentinelOne from $20.00 to $28.00 and gave the stock a “positive” rating in a report on Monday, August 31st. Morgan Stanley raised their target price on SentinelOne from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price target on SentinelOne in a report on Monday, August 17th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.64.

SentinelOne Stock Up 1.4%

The business has a fifty day simple moving average of $20.40 and a 200-day simple moving average of $16.99. The firm has a market cap of $8.17 billion, a P/E ratio of -23.24 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS 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 business had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same quarter last year, the firm posted ($0.22) earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. 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 anticipate that SentinelOne, Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 114,890 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $19.89, for a total transaction of $2,285,162.10. Following the sale, the chief executive officer owned 1,744,878 shares of the company’s stock, valued at $34,705,623.42. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Robin Tomasello sold 21,440 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.67, for a total transaction of $421,724.80. Following the completion of the sale, the chief accounting officer owned 418,423 shares in the company, valued at approximately $8,230,380.41. This trade represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 445,756 shares of company stock worth $8,621,569 over the last 90 days. 4.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in S. Bank of America Corp DE increased its holdings in SentinelOne by 17.6% in the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock worth $32,457,000 after buying an additional 377,542 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of SentinelOne during the fourth quarter valued at approximately $35,781,000. Swedbank AB lifted its position in SentinelOne by 8.0% during the fourth quarter. Swedbank AB now owns 3,809,314 shares of the company’s stock valued at $57,140,000 after purchasing an additional 280,587 shares during the period. ING Groep NV bought a new position in SentinelOne during the fourth quarter valued at approximately $5,202,000. Finally, California State Teachers Retirement System boosted its holdings in SentinelOne by 23.2% in the first quarter. California State Teachers Retirement System now owns 358,173 shares of the company’s stock worth $4,613,000 after purchasing an additional 67,373 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.