SentinelOne, Inc. (NYSE:S) Receives $22.43 Average Target Price from Analysts

by · The Cerbat Gem

SentinelOne, Inc. (NYSE:S – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirty-two ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.4333.

A number of brokerages recently weighed in on S. Oppenheimer lowered their price target on shares of SentinelOne from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, December 5th. Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of SentinelOne in a research report on Friday, December 5th. Cantor Fitzgerald dropped their target price on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. Barclays decreased their price target on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Finally, Morgan Stanley dropped their price objective on SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, December 5th.

Get Our Latest Stock Analysis on S

SentinelOne Stock Down 2.5%

SentinelOne stock opened at $14.63 on Monday. SentinelOne has a 12 month low of $14.43 and a 12 month high of $25.24. The business has a 50 day moving average price of $15.90 and a two-hundred day moving average price of $17.17. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of -11.70 and a beta of 0.77.

SentinelOne (NYSE:S – Get Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same period in the prior year, the company posted ($0.25) earnings per share. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, analysts expect that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, Director Mark S. Peek purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $14.89 per share, with a total value of $595,600.00. Following the completion of the purchase, the director directly owned 120,000 shares in the company, valued at approximately $1,786,800. This represents a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the transaction, the chief accounting officer directly owned 285,551 shares in the company, valued at approximately $4,163,333.58. The trade was a 2.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 392,904 shares of company stock worth $6,374,392 over the last 90 days. Insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management grew its position in shares of SentinelOne by 19.3% during the 3rd quarter. Triumph Capital Management now owns 39,927 shares of the company’s stock worth $703,000 after buying an additional 6,463 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $36,000. Allworth Financial LP boosted its stake in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the last quarter. IFP Advisors Inc grew its holdings in SentinelOne by 42.4% during the third quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock valued at $239,000 after purchasing an additional 4,049 shares during the period. Finally, Swiss Life Asset Management Ltd acquired a new position in SentinelOne during the third quarter valued at approximately $239,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

(Get Free Report)

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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