SentinelOne, Inc. (NYSE:S) Receives $24.80 Consensus Target Price from Analysts

SentinelOne, Inc. (NYSE:S) has received an average recommendation of “Moderate Buy” from the thirty ratings firms that are covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.80.

A number of equities analysts have issued reports on the stock. Rosenblatt Securities began coverage on shares of SentinelOne in a research report on Friday, July 18th. They set a “buy” rating and a $24.00 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. UBS Group cut their price objective on shares of SentinelOne from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. Susquehanna cut their price objective on shares of SentinelOne from $25.00 to $24.00 and set a “positive” rating for the company in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein cut their price objective on shares of SentinelOne from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, May 29th.

SentinelOne Trading Down 6.2%

Shares of S opened at $17.29 on Friday. SentinelOne has a twelve month low of $15.36 and a twelve month high of $29.29. The firm’s fifty day simple moving average is $18.17 and its 200-day simple moving average is $19.49. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of -13.10 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The company’s revenue was up 22.9% on a year-over-year basis. On average, analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, insider Keenan Michael Conder sold 11,097 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $202,853.16. Following the transaction, the insider directly owned 596,332 shares of the company’s stock, valued at approximately $10,900,948.96. This trade represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ric Smith sold 23,518 shares of SentinelOne stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $18.30, for a total value of $430,379.40. Following the sale, the insider owned 1,007,026 shares in the company, valued at $18,428,575.80. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,096 shares of company stock valued at $1,135,585 in the last quarter. 4.33% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in SentinelOne by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 1,835,278 shares of the company’s stock valued at $33,549,000 after buying an additional 118,639 shares during the last quarter. Versor Investments LP purchased a new stake in SentinelOne during the second quarter valued at approximately $252,000. Strs Ohio raised its position in SentinelOne by 78.0% during the second quarter. Strs Ohio now owns 903,469 shares of the company’s stock valued at $16,515,000 after purchasing an additional 395,911 shares during the period. Amalgamated Bank boosted its position in SentinelOne by 27.1% during the 2nd quarter. Amalgamated Bank now owns 19,752 shares of the company’s stock valued at $361,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of SentinelOne by 11.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 985,092 shares of the company’s stock valued at $18,007,000 after buying an additional 100,869 shares during the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.