SentinelOne (NYSE:S) Price Target Raised to $27.00

SentinelOne (NYSE:S) had its price target lifted by Morgan Stanley from $25.00 to $27.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also issued reports on S. Bank of America reduced their target price on SentinelOne from $35.00 to $29.00 and set a buy rating for the company in a report on Friday, May 31st. Susquehanna dropped their price target on shares of SentinelOne from $35.00 to $22.00 and set a positive rating on the stock in a research note on Friday, May 31st. Robert W. Baird assumed coverage on shares of SentinelOne in a research note on Monday, July 15th. They issued an outperform rating and a $25.00 price target on the stock. UBS Group dropped their price target on shares of SentinelOne from $29.00 to $27.00 and set a buy rating on the stock in a research note on Friday, May 31st. Finally, BTIG Research dropped their price target on shares of SentinelOne from $30.00 to $23.00 and set a buy rating on the stock in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $24.94.

SentinelOne Stock Performance

Shares of NYSE:S opened at $23.17 on Friday. SentinelOne has a one year low of $13.87 and a one year high of $30.76. The stock has a fifty day moving average of $20.68 and a 200-day moving average of $22.55. The company has a market capitalization of $7.25 billion, a PE ratio of -22.72 and a beta of 0.66.

SentinelOne (NYSE:S) last released its 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). The business had revenue of $186.36 million during the quarter, compared to analysts’ expectations of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. SentinelOne’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.35) EPS. As a group, research analysts forecast that SentinelOne will post -0.73 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the completion of the transaction, the chief executive officer now owns 1,099,356 shares in the company, valued at $23,603,173.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.47, for a total transaction of $1,306,750.08. Following the completion of the transaction, the chief executive officer now owns 1,099,356 shares in the company, valued at $23,603,173.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 2,631 shares of SentinelOne stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the completion of the transaction, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 610,851 shares of company stock worth $12,036,747. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of SentinelOne in the fourth quarter valued at approximately $228,872,000. Trivest Advisors Ltd acquired a new stake in SentinelOne during the 4th quarter worth $143,273,000. Eminence Capital LP grew its holdings in SentinelOne by 89.7% during the 4th quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after acquiring an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in SentinelOne during the 2nd quarter worth $36,237,000. Finally, Vanguard Group Inc. grew its holdings in SentinelOne by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after acquiring an additional 1,694,407 shares during the period. 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.