Wedbush Raises SentinelOne (NYSE:S) Price Target to $30.00

SentinelOne (NYSE:S) had its price objective boosted by Wedbush from $20.00 to $30.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

S has been the topic of several other reports. Susquehanna decreased 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. JMP Securities restated a market outperform rating and set a $33.00 target price on shares of SentinelOne in a research report on Friday, May 31st. Needham & Company LLC boosted their price target on SentinelOne from $25.00 to $29.00 and gave the company a buy rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on SentinelOne from $25.00 to $27.00 and gave the stock an overweight rating in a report on Friday, August 23rd. Finally, Loop Capital lowered their price objective on SentinelOne from $30.00 to $25.00 and set a buy rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne has a consensus rating of Moderate Buy and a consensus price target of $27.28.

SentinelOne Stock Performance

S stock opened at $24.27 on Monday. The stock’s 50 day moving average price is $21.83 and its 200 day moving average price is $22.40. The firm has a market cap of $7.59 billion, a P/E ratio of -23.79 and a beta of 0.66. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76.

SentinelOne (NYSE:S) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $198.94 million during the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.26) earnings per share. On average, research analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 11,061 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $191,355.30. Following the completion of the sale, the chief financial officer now owns 517,298 shares in the company, valued at $8,949,255.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $191,355.30. Following the transaction, the chief financial officer now directly owns 517,298 shares of the company’s stock, valued at $8,949,255.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 24,467 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.30, for a total transaction of $423,279.10. Following the sale, the insider now directly owns 666,419 shares of the company’s stock, valued at $11,529,048.70. The disclosure for this sale can be found here. In the last three months, insiders sold 610,851 shares of company stock valued at $12,036,747. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in SentinelOne by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after purchasing an additional 409,454 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of SentinelOne by 25.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,844,954 shares of the company’s stock worth $43,006,000 after buying an additional 375,275 shares during the last quarter. Principal Financial Group Inc. boosted its stake in SentinelOne by 874.1% during the 1st quarter. Principal Financial Group Inc. now owns 157,273 shares of the company’s stock valued at $3,666,000 after acquiring an additional 141,127 shares during the last quarter. Highland Capital Management LLC bought a new position in SentinelOne during the 1st quarter valued at $1,099,000. Finally, Seven Eight Capital LP acquired a new position in SentinelOne during the 4th quarter worth $3,074,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

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.