Robert W. Baird Increases SentinelOne (NYSE:S) Price Target to $30.00

SentinelOne (NYSE:S) had its price objective upped by investment analysts at Robert W. Baird from $29.00 to $30.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 13.81% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. BTIG Research lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley boosted their target price on shares of SentinelOne from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Wedbush raised their price target on SentinelOne from $20.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, August 26th. Wells Fargo & Company increased their target price on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of SentinelOne in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.60.

SentinelOne Stock Performance

Shares of NYSE S opened at $26.36 on Friday. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67. The business has a 50 day simple moving average of $23.92 and a 200 day simple moving average of $21.85. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $198.94 million for the quarter, compared to the consensus estimate of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) EPS. On average, analysts predict that SentinelOne will post -0.73 EPS for the current year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $25.30, for a total value of $1,539,859.20. Following the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $23.54, for a total value of $343,283.82. Following the transaction, the insider now directly owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $25.30, for a total value of $1,539,859.20. Following the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $26,299,274.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 489,850 shares of company stock worth $11,034,964 in the last 90 days. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of SentinelOne by 7.2% during the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after purchasing an additional 1,694,407 shares in the last quarter. Eminence Capital LP raised its position in SentinelOne by 24.2% in 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 last quarter. Sylebra Capital LLC lifted its holdings in 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 buying an additional 643,097 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in SentinelOne by 19.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,672,400 shares of the company’s stock valued at $77,299,000 after buying an additional 590,628 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of SentinelOne by 0.8% in the 2nd quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after buying an additional 20,600 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.