SentinelOne (NYSE:S) Price Target Raised to $25.00 at DA Davidson

SentinelOne (NYSE:S) had its price target increased by DA Davidson from $23.00 to $25.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the company. Baird R W raised SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. BTIG Research boosted their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Piper Sandler upgraded SentinelOne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Citigroup upped their price objective on SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $33.00 price objective on shares of SentinelOne in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and an average target price of $28.60.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $26.36 on Thursday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The company has a 50-day moving average of $23.92 and a 200 day moving average of $21.85. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of -25.84 and a beta of 0.67.

SentinelOne (NYSE:S) last released its earnings results on Tuesday, August 27th. The company reported $0.01 EPS 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 return on equity of 15.42% and a negative net margin of 38.91%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share. On average, equities analysts anticipate that SentinelOne will post -0.73 EPS for the current year.

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the sale, the insider now directly owns 639,834 shares in the company, valued at approximately $15,061,692.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the sale, the chief financial officer now directly owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the sale, the insider now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 489,850 shares of company stock valued at $11,034,964. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors have recently modified their holdings of S. Allspring Global Investments Holdings LLC raised its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock worth $28,000 after buying an additional 434 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after buying an additional 700 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of SentinelOne by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of SentinelOne by 1.8% during the 2nd quarter. Archford Capital Strategies LLC now owns 45,861 shares of the company’s stock worth $965,000 after acquiring an additional 790 shares in the last quarter. Finally, Straight Path Wealth Management lifted its position in SentinelOne by 4.9% during the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after acquiring an additional 1,000 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.