Robert W. Baird Issues Positive Forecast for SentinelOne (NYSE:S) Stock Price

Key Points

• Robert W. Baird raised its price target for SentinelOne (NYSE:S) from $21.00 to $23.00, indicating a potential upside of 30.50% from its previous close.
• The average rating for SentinelOne stock is currently a "Moderate Buy", with three analysts rating it as a Strong Buy and fourteen as a Buy.
• SentinelOne reported a 22.9% year-over-year revenue increase with earnings per share of $0.02 for the latest quarter, matching consensus estimates.

SentinelOne (NYSE:S - Free Report) had its target price upped by Robert W. Baird from $21.00 to $23.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also commented on S. DA Davidson reduced their price objective on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Barclays reduced their price objective on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. Guggenheim reiterated a "buy" rating and set a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $19.00 target price (down previously from $22.00) on shares of SentinelOne in a research report on Thursday, May 29th. Finally, Jefferies Financial Group boosted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.33.

SentinelOne Stock Up 7.4%

Shares of NYSE S traded up $1.30 during trading hours on Friday, hitting $18.91. 19,336,839 shares of the stock were exchanged, compared to its average volume of 6,872,699. The company has a market cap of $6.29 billion, a PE ratio of -14.33 and a beta of 0.78. The firm has a fifty day moving average price of $17.80 and a 200-day moving average price of $18.59. SentinelOne has a 12 month low of $15.36 and a 12 month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The business's revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 31,916 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $552,465.96. Following the sale, the chief executive officer owned 1,500,460 shares of the company's stock, valued at approximately $25,972,962.60. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 15,163 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $16.68, for a total transaction of $252,918.84. Following the completion of the sale, the insider directly owned 976,056 shares in the company, valued at $16,280,614.08. This trade represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,730 shares of company stock worth $2,366,017 in the last quarter. 4.33% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

A number of hedge funds have recently modified their holdings of the stock. Rafferty Asset Management LLC boosted its stake in shares of SentinelOne by 2.5% in the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock worth $470,000 after buying an additional 641 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of SentinelOne by 25.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company's stock valued at $63,000 after purchasing an additional 692 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of SentinelOne by 4.6% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock valued at $365,000 after purchasing an additional 724 shares during the period. Mission Creek Capital Partners Inc. lifted its stake in shares of SentinelOne by 1.7% in the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company's stock valued at $840,000 after purchasing an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC lifted its stake in shares of SentinelOne by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company's stock valued at $857,000 after purchasing an additional 768 shares during the period. Hedge funds and other institutional investors 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.