SentinelOne (NYSE:S) Sees Large Volume Increase After Analyst Upgrade

Key Points

• Robert W. Baird raised SentinelOne’s price target from $25 to $28 and maintained an “outperform” rating, driving a 20% increase in trading volume to roughly 9.9 million shares.
• Analyst sentiment remains generally positive: 17 analysts rate the stock a Buy, 13 a Hold, and one a Sell, producing a consensus “Moderate Buy” rating and an average price target of $24.05.
• SentinelOne reported quarterly revenue growth of 20.6% and slightly exceeded EPS and revenue expectations, while insiders sold approximately $21.2 million of stock over the past three months.

SentinelOne, Inc. (NYSE:S - Get Free Report) shares saw an uptick in trading volume on Wednesday after Robert W. Baird raised their price target on the stock from $25.00 to $28.00. Robert W. Baird currently has an outperform rating on the stock. Approximately 9,895,733 shares were traded during mid-day trading, an increase of 20% from the previous session's volume of 8,237,357 shares. The stock last traded at $23.5860 and had previously closed at $24.01.

S has been the subject of a number of other research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $26.00 target price on shares of SentinelOne in a research report on Friday, August 28th. The Goldman Sachs Group raised their price target on SentinelOne from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday, August 31st. Wells Fargo & Company lifted their price objective on SentinelOne from $16.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Monday, August 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $25.00 price objective on shares of SentinelOne in a research note on Friday, August 28th. Finally, Citizens Jmp boosted their price objective on SentinelOne from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 21,440 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total value of $421,724.80. Following the completion of the sale, the chief accounting officer directly owned 418,423 shares of the company's stock, valued at $8,230,380.41. This represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, CEO Tomer Weingarten sold 527,368 shares of the firm's stock in a transaction on Monday, October 5th. The stock was 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 in the company, valued at $43,384,302.60. This represents a 23.49% 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. Insiders have sold a total of 915,183 shares of company stock valued at $21,151,124 in the last three months. 4.27% of the stock is owned by insiders.

More SentinelOne News

Here are the key news stories impacting SentinelOne this week:

• Positive Sentiment: Analyst confidence improved. Robert W. Baird raised its price target from $25 to $28 and assigned an “outperform” rating. Needham also increased its target from $26 to $31 and reiterated a “buy” rating, indicating analysts see meaningful upside based on SentinelOne’s growth prospects.
• Neutral Sentiment: Convertible offering was priced. SentinelOne completed the pricing of $1.25 billion of 0.00% convertible senior notes due 2031 in a private placement. The company also granted initial purchasers an option to buy additional notes. The zero-coupon structure avoids cash interest expense, while the capital provides additional financial flexibility. SentinelOne Announces Pricing of Offering of $1.25 Billion of 0.00% Convertible Senior Notes Due 2031
• Negative Sentiment: Financing triggered selling pressure. Investors appeared more focused on the potential dilution and equity overhang associated with convertible notes than on the favorable analyst revisions. Reports attributed the share decline directly to the proposed offering. SentinelOne To Offer $1.25 Billion of 0% Convertible Senior Notes Due 2031; Shares Fall

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in SentinelOne by 216.0% during the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company's stock valued at $85,110,000 after acquiring an additional 3,428,192 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of SentinelOne in the 2nd quarter worth approximately $59,607,000. Dimensional Fund Advisors LP lifted its position in shares of SentinelOne by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,592,248 shares of the company's stock worth $59,142,000 after acquiring an additional 461,411 shares during the period. Swedbank AB lifted its position in shares of SentinelOne by 9.8% in the 1st quarter. Swedbank AB now owns 4,183,973 shares of the company's stock worth $53,890,000 after acquiring an additional 374,659 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of SentinelOne by 17.6% during the 1st quarter. Bank of America Corp DE now owns 2,519,928 shares of the company's stock worth $32,457,000 after purchasing an additional 377,542 shares in the last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Trading Down 1.8%

The company has a market cap of $8.21 billion, a price-to-earnings ratio of -23.35 and a beta of 0.70. The company has a fifty day moving average price of $22.43 and a two-hundred day moving average price 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 anticipate that SentinelOne, Inc. will post -0.46 EPS for the current fiscal year.

SentinelOne Company Profile

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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