SentinelOne (NYSE:S) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

SentinelOne (NYSE:S - Free Report) had its price objective increased by JPMorgan Chase & Co. from $30.00 to $33.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on the company. Robert W. Baird lifted their price objective on SentinelOne from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Barclays upped their price target on SentinelOne from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. DA Davidson increased their price objective on SentinelOne from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Scotiabank boosted their target price on shares of SentinelOne from $18.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 28th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $30.00 price target on shares of SentinelOne in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.96.

SentinelOne Stock Down 0.5 %

Shares of S traded down $0.13 during mid-day trading on Friday, hitting $27.95. 2,189,589 shares of the company's stock were exchanged, compared to its average volume of 5,121,427. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of -30.05 and a beta of 0.65. The firm has a fifty day moving average of $26.03 and a two-hundred day moving average of $22.99. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative return on equity of 15.42% and a negative net margin of 38.91%. The company had revenue of $198.94 million during the quarter, compared to the consensus estimate of $197.32 million. During the same quarter in the prior year, the company posted ($0.26) EPS. The firm's revenue was up 33.1% on a year-over-year basis. On average, equities analysts predict that SentinelOne will post -0.73 earnings per share for the current year.

Insider Transactions at SentinelOne

In other news, CFO David J. Bernhardt sold 11,061 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $22.80, for a total transaction of $252,190.80. Following the completion of the transaction, the chief financial officer now directly owns 489,003 shares in the company, valued at approximately $11,149,268.40. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 14,584 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total transaction of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares in the company, valued at $14,637,710.01. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock worth $10,367,734 in the last quarter. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the business. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne during the third quarter worth about $26,000. Blue Trust Inc. bought a new stake in SentinelOne during the second quarter worth $27,000. Allspring Global Investments Holdings LLC lifted its stake in SentinelOne by 49.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,318 shares of the company's stock valued at $28,000 after acquiring an additional 434 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of SentinelOne by 56.0% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company's stock valued at $41,000 after purchasing an additional 700 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in SentinelOne during the second quarter worth about $49,000. Institutional investors and hedge funds own 90.87% of the company's stock.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.