SentinelOne (NYSE:S) Price Target Raised to $18.00

SentinelOne (NYSE:S – Get Rating) had its price target increased by Piper Sandler from $16.00 to $18.00 in a report published on Wednesday, The Fly reports.

S has been the subject of several other reports. Needham & Company LLC reissued a buy rating and issued a $19.00 price objective on shares of SentinelOne in a report on Monday, March 13th. Guggenheim started coverage on SentinelOne in a research note on Monday, January 23rd. They set a buy rating and a $18.00 price target for the company. Deutsche Bank Aktiengesellschaft cut SentinelOne from a buy rating to a hold rating and cut their price target for the stock from $20.00 to $15.00 in a research note on Monday, January 23rd. The Goldman Sachs Group began coverage on SentinelOne in a research note on Tuesday, February 14th. They set a neutral rating and a $17.00 price target for the company. Finally, BTIG Research dropped their price objective on SentinelOne from $25.00 to $20.00 and set a buy rating on the stock in a report on Wednesday, December 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.79.

SentinelOne Trading Down 1.0 %

S stock opened at $15.07 on Wednesday. The company has a market capitalization of $4.26 billion, a P/E ratio of -11.08 and a beta of 0.50. SentinelOne has a twelve month low of $12.69 and a twelve month high of $42.84. The business has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $18.49.

SentinelOne (NYSE:S – Get Rating) last posted its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03. The business had revenue of $126.10 million during the quarter, compared to the consensus estimate of $124.69 million. SentinelOne had a negative return on equity of 21.10% and a negative net margin of 89.70%. The company’s revenue was up 92.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.27) earnings per share. Research analysts predict that SentinelOne will post -1.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David J. Bernhardt sold 3,861 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $15.40, for a total transaction of $59,459.40. Following the sale, the chief financial officer now owns 94,876 shares in the company, valued at $1,461,090.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SentinelOne news, insider Ric Smith sold 190,539 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the transaction, the insider now owns 568,855 shares of the company’s stock, valued at $8,731,924.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David J. Bernhardt sold 3,861 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total transaction of $59,459.40. Following the transaction, the chief financial officer now directly owns 94,876 shares in the company, valued at approximately $1,461,090.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,461 shares of company stock worth $3,237,014. 7.48% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in SentinelOne by 6.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 27,110,040 shares of the company’s stock worth $632,477,000 after purchasing an additional 1,751,920 shares during the period. Vanguard Group Inc. increased its position in shares of SentinelOne by 4.7% in the third quarter. Vanguard Group Inc. now owns 17,585,277 shares of the company’s stock worth $449,480,000 after acquiring an additional 794,439 shares in the last quarter. BlackRock Inc. increased its position in shares of SentinelOne by 9.8% in the third quarter. BlackRock Inc. now owns 9,044,058 shares of the company’s stock worth $231,166,000 after acquiring an additional 804,196 shares in the last quarter. First Trust Advisors LP increased its position in shares of SentinelOne by 9.0% in the fourth quarter. First Trust Advisors LP now owns 6,826,216 shares of the company’s stock worth $99,452,000 after acquiring an additional 561,756 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of SentinelOne by 57.6% in the first quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock worth $247,088,000 after acquiring an additional 2,331,873 shares in the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.