Brokerages Set SentinelOne, Inc. (NYSE:S) Target Price at $24.83

SentinelOne, Inc. (NYSE:S) has been given an average recommendation of “Moderate Buy” by the thirty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.83.

S has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $19.00 price target (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Sanford C. Bernstein reduced their price target 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price objective (down from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Needham & Company LLC reduced their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $21.00 price target on shares of SentinelOne in a research note on Thursday, May 29th.

Insider Activity at SentinelOne

In related news, CAO Robin Tomasello sold 1,496 shares of SentinelOne stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the sale, the chief accounting officer now owns 233,484 shares in the company, valued at approximately $4,615,978.68. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 31,659 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.10, for a total value of $604,686.90. Following the transaction, the insider now owns 477,271 shares of the company’s stock, valued at approximately $9,115,876.10. This represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 413,967 shares of company stock worth $7,674,963. Company insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP grew its stake in shares of SentinelOne by 715.4% in the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Norges Bank acquired a new position in SentinelOne during the 4th quarter worth $73,528,000. Point72 Asset Management L.P. acquired a new stake in SentinelOne in the 4th quarter valued at about $63,120,000. Massachusetts Financial Services Co. MA boosted its stake in shares of SentinelOne by 92.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock valued at $96,898,000 after buying an additional 2,558,702 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of SentinelOne by 131.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after buying an additional 2,483,136 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Stock Down 3.4%

NYSE:S opened at $17.27 on Thursday. SentinelOne has a 52 week low of $15.36 and a 52 week high of $29.29. The stock’s 50-day moving average price is $18.46 and its 200-day moving average price is $20.87. The stock has a market capitalization of $5.74 billion, a PE ratio of -18.37 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue was up 22.9% on a year-over-year basis. Sell-side analysts expect that SentinelOne will post -0.76 earnings per share for the current fiscal 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.