SentinelOne (NYSE:S) Price Target Raised to $31.00

Key Points

• Needham raised SentinelOne’s price target to $31 from $26 and maintained a “Buy” rating, implying 20.59% upside from the stock’s $25.71 opening price.
• Analyst sentiment is generally positive: SentinelOne has a “Moderate Buy” consensus rating and an average price target of $23.92, based on 16 Buy, 13 Hold, and one Sell rating.
• The company exceeded quarterly expectations with adjusted EPS of $0.08 versus $0.07 expected and revenue of $291.98 million, up 20.6% year over year, though it remains unprofitable with a negative net margin of 30.95%.

SentinelOne (NYSE:S - Get Free Report) had its price target raised by equities research analysts at Needham & Company LLC from $26.00 to $31.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price objective indicates a potential upside of 20.59% from the stock's current price.

Several other equities research analysts have also recently weighed in on S. Canaccord Genuity Group upped their price target on shares of SentinelOne from $18.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Barclays lifted their price objective on shares of SentinelOne from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, August 28th. Susquehanna boosted their price objective on shares of SentinelOne from $20.00 to $28.00 and gave the stock a "positive" rating in a research note on Monday, August 31st. UBS Group upped their target price on SentinelOne from $16.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Finally, Wedbush assumed coverage on SentinelOne in a report on Friday, September 11th. They set an "outperform" rating and a $25.00 target price for the company. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SentinelOne has an average rating of "Moderate Buy" and an average target price of $23.92.

SentinelOne Price Performance

S stock opened at $25.71 on Tuesday. SentinelOne has a 1-year low of $11.81 and a 1-year high of $26.50. The business has a 50-day moving average price of $22.38 and a 200 day moving average price of $18.30. The company has a market capitalization of $8.95 billion, a P/E ratio of -25.45 and a beta of 0.70.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $291.98 million for the quarter, compared to analysts' expectations of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The firm's quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.22) EPS. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, analysts anticipate that SentinelOne will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Keenan Conder sold 26,374 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.08, for a total value of $529,589.92. Following the completion of the sale, the insider directly owned 956,358 shares in the company, valued at $19,203,668.64. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 21,440 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total transaction of $421,724.80. Following the completion of the sale, the chief accounting officer owned 418,423 shares of the company's stock, valued at approximately $8,230,380.41. This trade represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 915,183 shares of company stock worth $21,151,124. 4.27% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

A number of institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its position in SentinelOne by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 87,546 shares of the company's stock worth $1,486,000 after acquiring an additional 638 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of SentinelOne by 0.9% during the first quarter. Public Employees Retirement System of Ohio now owns 89,609 shares of the company's stock worth $1,154,000 after purchasing an additional 784 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SentinelOne by 29.7% during the second quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock worth $63,000 after purchasing an additional 843 shares during the period. Caerus Investment Advisors LLC lifted its holdings in shares of SentinelOne by 6.0% during the first quarter. Caerus Investment Advisors LLC now owns 15,390 shares of the company's stock worth $198,000 after purchasing an additional 877 shares during the period. Finally, Krilogy Financial LLC boosted its position in SentinelOne by 3.8% in the first quarter. Krilogy Financial LLC now owns 24,519 shares of the company's stock valued at $342,000 after buying an additional 899 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

About SentinelOne

SentinelOne, Inc NYSE: S is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization's technology environment.

The company's offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.

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