SentinelOne's (S) "Outperform" Rating Reaffirmed at Wedbush

Key Points

• Wedbush reaffirmed its “Outperform” rating on SentinelOne with a $25 price target, implying approximately 26% upside from the stock’s $19.85 opening price.
• Analyst sentiment remains favorable: SentinelOne has a “Moderate Buy” consensus rating and a $23.50 average price target, based on 17 Buy, 11 Hold, and one Sell rating.
• The company exceeded quarterly expectations, reporting $0.08 in adjusted EPS versus $0.07 expected and $291.98 million in revenue versus $290.24 million forecast; revenue increased 20.6% year over year.

SentinelOne (NYSE:S - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Wedbush in a research report issued on Friday, Benzinga reports. They currently have a $25.00 price target on the stock. Wedbush's price target points to a potential upside of 25.96% from the stock's current price.

Several other analysts also recently weighed in on S. Scotiabank reissued an "outperform" rating on shares of SentinelOne in a research note on Friday, August 28th. Sanford C. Bernstein lifted their target price on shares of SentinelOne from $19.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, August 28th. Piper Sandler raised their price target on shares of SentinelOne from $15.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Oppenheimer raised their target price on SentinelOne from $21.00 to $27.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Finally, UBS Group lifted their price objective on SentinelOne from $16.00 to $24.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.50.

SentinelOne Price Performance

S stock opened at $19.85 on Friday. SentinelOne has a one year low of $11.81 and a one year high of $23.95. The stock has a market cap of $6.91 billion, a PE ratio of -19.65 and a beta of 0.77. The firm has a 50 day simple moving average of $20.05 and a two-hundred day simple moving average of $16.73.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Thursday, August 27th. The company reported $0.08 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%.The firm's revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($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. On average, research analysts expect that SentinelOne will post -0.45 EPS for the current fiscal year.

Insider Activity

In other news, insider Ana G. Pinczuk sold 6,230 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total transaction of $125,160.70. Following the sale, the insider directly owned 737,716 shares in the company, valued at $14,820,714.44. This trade represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 SentinelOne stock in a transaction 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 transaction, the chief accounting officer owned 418,423 shares in the company, valued at approximately $8,230,380.41. This trade represents a 4.87% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 375,496 shares of company stock worth $6,952,135. Company insiders own 4.27% of the company's stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its holdings in SentinelOne by 431.2% during the second quarter. Engineers Gate Manager LP now owns 331,082 shares of the company's stock valued at $5,618,000 after acquiring an additional 268,751 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of SentinelOne by 44.8% during the second quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company's stock worth $1,293,000 after purchasing an additional 23,561 shares in the last quarter. NewEdge Advisors LLC raised its stake in SentinelOne by 33.8% during the 2nd quarter. NewEdge Advisors LLC now owns 22,598 shares of the company's stock valued at $383,000 after purchasing an additional 5,709 shares during the period. IFP Advisors Inc raised its stake in SentinelOne by 110.1% during the 2nd quarter. IFP Advisors Inc now owns 15,847 shares of the company's stock valued at $269,000 after purchasing an additional 8,306 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in SentinelOne by 1,427.5% in the 2nd quarter. Squarepoint Ops LLC now owns 856,528 shares of the company's stock worth $14,535,000 after purchasing an additional 800,455 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

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

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