SentinelOne (NYSE:S) Sets New 52-Week High - Still a Buy?

Key Points

• SentinelOne reached a new 52-week high of $24.14, above its prior close of $23.17. Analysts maintain a “Moderate Buy” consensus, with an average price target of $23.64.
• The company exceeded quarterly expectations, reporting EPS of $0.08 versus $0.07 expected and revenue of $291.98 million, up 20.6% year over year. However, it remains unprofitable, with a negative net margin of 30.95%.
• Institutional investors own 90.87% of the stock, with several major funds increasing their positions. Insiders sold 445,756 shares worth $8.6 million in the latest quarter, primarily to cover tax obligations from vested equity awards.

SentinelOne, Inc. (NYSE:S - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $24.14 and last traded at $24.1090, with a volume of 2637748 shares. The stock had previously closed at $23.17.

Analyst Ratings Changes

Several brokerages have commented on S. Weiss Ratings raised shares of SentinelOne from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Barclays boosted their target price on SentinelOne from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Canaccord Genuity Group raised their price target on SentinelOne from $18.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 28th. Morgan Stanley lifted their price target on SentinelOne from $17.00 to $23.00 and gave the company an "equal weight" rating in a research report on Friday, August 28th. Finally, UBS Group boosted their price objective on SentinelOne from $16.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.64.

SentinelOne Price Performance

The firm has a market cap of $8.17 billion, a P/E ratio of -23.24 and a beta of 0.77. The stock has a 50 day moving average of $20.40 and a 200 day moving average of $16.99.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly 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. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The firm had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company's revenue was up 20.6% compared to the same quarter last year. 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 predict that SentinelOne, Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Keenan Conder sold 26,374 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.08, for a total transaction of $529,589.92. Following the transaction, 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 this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ana G. Pinczuk sold 16,042 shares of SentinelOne stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $17.89, for a total transaction of $286,991.38. Following the transaction, the insider directly owned 743,946 shares in the company, valued at $13,309,193.94. This trade represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 445,756 shares of company stock worth $8,621,569 in the last quarter. 4.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in SentinelOne by 4.2% in the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company's stock worth $128,278,000 after purchasing an additional 346,014 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of SentinelOne by 216.0% in the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company's stock worth $85,110,000 after buying an additional 3,428,192 shares during the period. Geode Capital Management LLC lifted its stake in shares of SentinelOne by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 5,574,144 shares of the company's stock valued at $83,630,000 after acquiring an additional 226,173 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in SentinelOne during the 2nd quarter valued at about $59,607,000. Finally, Dimensional Fund Advisors LP grew its position in SentinelOne by 11.2% during 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 last quarter. Institutional investors own 90.87% of the company's stock.

SentinelOne Company Profile

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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