SentinelOne (NYSE:S) Stock Gets Price Target Boost from Robert W. Baird

Key Points

• Robert W. Baird raised SentinelOne’s price target from $25 to $28 and maintained an “outperform” rating, implying 17.66% upside from the prior close. Analysts overall hold a “Moderate Buy” consensus with an average target of $24.05.
• SentinelOne’s latest quarter exceeded expectations, with adjusted EPS of $0.08 versus $0.07 expected and revenue of $291.98 million. Revenue increased 20.6% year over year, although the company continues to report negative margins and analysts forecast a full-year loss.
• Shares fell 7.3%, while insiders—including CEO Tomer Weingarten—sold stock in recent transactions. Institutional investors own 90.87% of the company, indicating strong participation from large shareholders.

SentinelOne (NYSE:S - Get Free Report) had its target price raised by research analysts at Robert W. Baird from $25.00 to $28.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 17.66% from the company's previous close.

Several other analysts have also weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $25.00 target price on shares of SentinelOne in a research report on Friday, August 28th. Canaccord Genuity Group increased 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. Stephens restated an "overweight" rating and set a $26.00 price target on shares of SentinelOne in a research note on Friday, August 28th. Wedbush started coverage on shares of SentinelOne in a research note on Friday, September 11th. They set an "outperform" rating and a $25.00 price target for the company. Finally, Piper Sandler lifted their price objective on SentinelOne from $15.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

SentinelOne Trading Down 7.3%

Shares of S stock opened at $23.80 on Wednesday. SentinelOne has a 12 month low of $11.81 and a 12 month high of $26.50. The company has a market capitalization of $8.28 billion, a P/E ratio of -23.56 and a beta of 0.70. The stock has a 50 day moving average of $22.43 and a two-hundred day moving average of $18.38.

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

Insiders Place Their Bets

In other news, insider Keenan Conder sold 26,374 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.08, for a total transaction of $529,589.92. Following the sale, the insider owned 956,358 shares in the company, valued at approximately $19,203,668.64. This represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tomer Weingarten sold 527,368 shares of the firm's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $25.26, for a total transaction of $13,321,315.68. Following the completion of the sale, the chief executive officer owned 1,717,510 shares of the company's stock, valued at $43,384,302.60. The trade was a 23.49% 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. Insiders sold 915,183 shares of company stock worth $21,151,124 over the last ninety days. 4.27% of the stock is owned by insiders.

Hedge Funds Weigh In On SentinelOne

Large investors have recently made changes to their positions in the company. Allied Private Wealth LLC acquired a new position in SentinelOne during the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in shares of SentinelOne by 29.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock valued at $63,000 after purchasing an additional 843 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of SentinelOne by 4,582.8% in the 1st quarter. Root Financial Partners LLC now owns 4,355 shares of the company's stock valued at $56,000 after purchasing an additional 4,262 shares during the last quarter. Versant Capital Management Inc grew its position in shares of SentinelOne by 31.1% during the 2nd quarter. Versant Capital Management Inc now owns 5,221 shares of the company's stock worth $89,000 after buying an additional 1,239 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of SentinelOne by 277.7% during the 1st quarter. Parallel Advisors LLC now owns 5,318 shares of the company's stock worth $68,000 after buying an additional 3,910 shares during the period. 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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