Analysts Set SentinelOne, Inc. (NYSE:S) Target Price at $29.42

Shares of SentinelOne, Inc. (NYSE:S) have been given an average recommendation of “Moderate Buy” by the twenty-six ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.44.

Several research analysts have commented on S shares. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the stock from $25.00 to $32.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $25.00 target price on shares of SentinelOne in a research note on Friday, September 13th. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a research report on Thursday, December 19th. Guggenheim reiterated a “buy” rating and set a $31.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Westpark Capital reiterated a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday, December 3rd.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares in the company, valued at $15,290,940. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares in the company, valued at $22,782,850.68. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 418,999 shares of company stock valued at $10,373,693 in the last ninety days. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in SentinelOne by 49.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company’s stock valued at $28,000 after buying an additional 434 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of SentinelOne by 4.0% during the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the last quarter. Straight Path Wealth Management grew its stake 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 in the last quarter. Bullseye Asset Management LLC increased its holdings in SentinelOne by 1.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock valued at $1,605,000 after acquiring an additional 1,000 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in SentinelOne by 17.4% in the 3rd quarter. MetLife Investment Management LLC now owns 6,828 shares of the company’s stock valued at $163,000 after acquiring an additional 1,012 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Stock Performance

S opened at $22.43 on Thursday. The firm has a market cap of $7.21 billion, a P/E ratio of -23.86 and a beta of 0.67. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm has a 50-day moving average of $26.08 and a 200 day moving average of $23.48.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the company posted ($0.21) earnings per share. Equities research analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

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.