Analysts Set SentinelOne, Inc. (NYSE:S) PT at $24.71

Shares of SentinelOne, Inc. (NYSE:S) have been assigned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $24.48.

A number of equities research analysts have commented on S shares. JPMorgan Chase & Co. dropped their price objective on shares of SentinelOne from $31.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Bank of America cut their price target on SentinelOne from $35.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $28.00 to $23.00 in a research report on Tuesday, June 4th. Canaccord Genuity Group raised SentinelOne from a “hold” rating to a “buy” rating and cut their target price for the stock from $28.00 to $23.00 in a research report on Tuesday, June 4th. Finally, Citigroup lowered their price target on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th.

Insider Activity

In related news, CEO Tomer Weingarten sold 47,365 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $22.57, for a total value of $1,069,028.05. Following the completion of the sale, the chief executive officer now owns 1,285,122 shares in the company, valued at $29,005,203.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 47,365 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $22.57, for a total value of $1,069,028.05. Following the completion of the transaction, the chief executive officer now owns 1,285,122 shares in the company, valued at $29,005,203.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David J. Bernhardt sold 2,631 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $21.26, for a total transaction of $55,935.06. Following the sale, the chief financial officer now owns 532,380 shares in the company, valued at $11,318,398.80. The disclosure for this sale can be found here. Insiders have sold a total of 498,499 shares of company stock valued at $9,857,898 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in SentinelOne during the 4th quarter valued at about $30,000. Acadian Asset Management LLC purchased a new position in shares of SentinelOne during the 3rd quarter worth approximately $38,000. Cary Street Partners Investment Advisory LLC purchased a new stake in SentinelOne in the 3rd quarter valued at approximately $55,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in SentinelOne during the 1st quarter valued at $80,000. Finally, Advisors Asset Management Inc. increased its position in SentinelOne by 19.3% during the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Trading Down 1.5 %

SentinelOne stock opened at $20.15 on Thursday. The firm has a market capitalization of $6.30 billion, a P/E ratio of -19.75 and a beta of 0.66. The stock’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $23.54. SentinelOne has a twelve month low of $13.87 and a twelve month high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The company had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. During the same period in the prior year, the business earned ($0.35) EPS. SentinelOne’s revenue for the quarter was up 39.7% on a year-over-year basis. Sell-side analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

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.