SentinelOne (NYSE:S) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group set a $26.00 price target on shares of SentinelOne in a report on Friday, August 28th. Morgan Stanley increased their target price on SentinelOne from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Citizens Jmp boosted their price target on 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 upped their price target on SentinelOne from $20.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $26.00 price objective on shares of SentinelOne in a research report on Friday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $23.64.

SentinelOne Stock Performance

The firm has a market cap of $7.84 billion, a P/E ratio of -22.31 and a beta of 0.77. The business’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $17.10.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.08 earnings per share 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 firm had revenue of $291.98 million for the quarter, compared to analysts’ expectations of $290.24 million. During the same period in the prior year, the firm earned ($0.22) EPS. The company’s revenue was up 20.6% compared to the same quarter last year. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, equities research analysts expect that SentinelOne, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other news, insider Ana Pinczuk sold 6,230 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $125,160.70. Following the completion of the sale, the insider owned 737,716 shares of the company’s stock, valued at $14,820,714.44. This represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Conder sold 8,312 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total transaction of $164,494.48. Following the completion of the transaction, the insider owned 948,046 shares in the company, valued at $18,761,830.34. This trade represents a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 445,756 shares of company stock worth $8,621,569. 4.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently modified their holdings of S. Legal & General Group Plc lifted its position in SentinelOne by 4.2% during the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock valued at $128,278,000 after purchasing an additional 346,014 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SentinelOne by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 5,574,144 shares of the company’s stock worth $83,630,000 after buying an additional 226,173 shares during the period. Wellington Management Group LLP raised its stake in shares of SentinelOne by 216.0% in the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock worth $85,110,000 after buying an additional 3,428,192 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SentinelOne by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company’s stock valued at $59,142,000 after buying an additional 461,411 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of SentinelOne by 9.8% during the 1st quarter. Swedbank AB now owns 4,183,973 shares of the company’s stock valued at $53,890,000 after buying an additional 374,659 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

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.