SentinelOne (NYSE:S) Hits New 1-Year High – Time to Buy?

SentinelOne, Inc. (NYSE:S) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $24.45 and last traded at $24.4830, with a volume of 3889377 shares. The stock had previously closed at $23.76.

Wall Street Analyst Weigh In

Several research firms have recently commented on S. Piper Sandler lifted their price target on SentinelOne from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Weiss Ratings raised shares of SentinelOne from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Morgan Stanley lifted their target price on shares of SentinelOne from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 28th. Barclays boosted their target price on shares of SentinelOne from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Finally, Wells Fargo & Company increased their price target on shares of SentinelOne from $16.00 to $22.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.74.

SentinelOne Trading Up 1.7%

The firm has a market capitalization of $8.73 billion, a PE ratio of -24.84 and a beta of 0.70. The business has a fifty day moving average price of $21.55 and a two-hundred day moving average price of $17.79.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $290.24 million. During the same period last year, the company earned ($0.22) EPS. The company’s quarterly revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, equities analysts forecast that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Keenan Conder sold 8,312 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total value of $164,494.48. Following the transaction, the insider directly owned 948,046 shares in the company, valued at approximately $18,761,830.34. This represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tomer Weingarten sold 114,890 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $19.89, for a total transaction of $2,285,162.10. Following the completion of the transaction, the chief executive officer owned 1,744,878 shares in the company, valued at approximately $34,705,623.42. This represents a 6.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 387,815 shares of company stock worth $7,595,434. Insiders own 4.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP grew its holdings in SentinelOne by 431.2% during the 2nd quarter. Engineers Gate Manager LP now owns 331,082 shares of the company’s stock worth $5,618,000 after acquiring an additional 268,751 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of SentinelOne by 44.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company’s stock valued at $1,293,000 after purchasing an additional 23,561 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of SentinelOne by 33.8% during the 2nd quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock worth $383,000 after purchasing an additional 5,709 shares during the last quarter. IFP Advisors Inc lifted its position in shares of SentinelOne by 110.1% during the 2nd quarter. IFP Advisors Inc now owns 15,847 shares of the company’s stock worth $269,000 after purchasing an additional 8,306 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of SentinelOne by 1,427.5% during the second quarter. Squarepoint Ops LLC now owns 856,528 shares of the company’s stock worth $14,535,000 after purchasing an additional 800,455 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.