SentinelOne (NYSE:S) Price Target Raised to $20.00 at Needham & Company LLC

SentinelOne (NYSE:SFree Report) had its price objective upped by Needham & Company LLC from $18.00 to $20.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group boosted their price target on SentinelOne from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings raised SentinelOne from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Citigroup raised SentinelOne from a “neutral” rating to a “buy” rating in a research note on Friday. Wolfe Research set a $20.00 target price on SentinelOne in a research note on Friday. Finally, Guggenheim reissued a “buy” rating and set a $24.00 target price on shares of SentinelOne in a research note on Friday, March 13th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

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SentinelOne Stock Down 8.6%

S stock opened at $16.47 on Friday. The company has a market cap of $5.61 billion, a PE ratio of -17.16 and a beta of 0.78. The business has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $14.76. SentinelOne has a 52 week low of $11.81 and a 52 week high of $21.40.

SentinelOne (NYSE:SGet Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $276.66 million during the quarter, compared to the consensus estimate of $277.32 million. SentinelOne had a negative return on equity of 15.20% and a negative net margin of 30.39%.SentinelOne’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. SentinelOne has set its Q2 2027 guidance at 0.060-0.080 EPS and its FY 2027 guidance at 0.320-0.380 EPS. On average, analysts anticipate that SentinelOne will post -0.6 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other news, CFO Barry L. Padgett sold 32,221 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $13.37, for a total value of $430,794.77. Following the completion of the transaction, the chief financial officer owned 643,650 shares of the company’s stock, valued at $8,605,600.50. This represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 231,664 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $15.32, for a total value of $3,549,092.48. Following the completion of the transaction, the chief executive officer directly owned 2,012,771 shares of the company’s stock, valued at $30,835,651.72. This represents a 10.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 527,586 shares of company stock worth $7,638,793. 4.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in shares of SentinelOne in the first quarter valued at approximately $17,434,000. Essential Partners LLC increased its stake in shares of SentinelOne by 157.1% in the first quarter. Essential Partners LLC now owns 15,327 shares of the company’s stock valued at $197,000 after buying an additional 9,365 shares during the period. Bank of America Corp DE increased its stake in shares of SentinelOne by 17.6% in the first quarter. Bank of America Corp DE now owns 2,519,928 shares of the company’s stock valued at $32,457,000 after buying an additional 377,542 shares during the period. Janus Henderson Group PLC increased its stake in shares of SentinelOne by 18.4% in the first quarter. Janus Henderson Group PLC now owns 151,600 shares of the company’s stock valued at $1,954,000 after buying an additional 23,600 shares during the period. Finally, Bull Harbor Capital LLC acquired a new position in shares of SentinelOne in the first quarter valued at approximately $634,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

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About SentinelOne

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SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

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