SentinelOne (NYSE:S) Price Target Raised to $23.00

Key Points

• SentinelOne's target price has been raised by Needham & Company LLC from $22.00 to $23.00, indicating a potential upside of 30.50% from its previous close.
• The company reported $229.03 million in revenue for the last quarter, which is up 22.9% year-over-year and meets analyst expectations.
• SentinelOne has received mixed ratings with three analysts giving a Strong Buy, while a majority hold a Moderate Buy consensus rating.

SentinelOne (NYSE:S - Get Free Report) had its target price hoisted by research analysts at Needham & Company LLC from $22.00 to $23.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price objective suggests a potential upside of 30.50% from the company's previous close.

S has been the topic of several other reports. Westpark Capital lowered their price objective on shares of SentinelOne from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Barclays reduced their target price on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, May 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $19.00 target price (down previously from $22.00) on shares of SentinelOne in a report on Thursday, May 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SentinelOne in a report on Tuesday, August 5th. Finally, Sanford C. Bernstein reduced their target price on shares of SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.88.

SentinelOne Trading Up 2.8%

Shares of S stock opened at $17.63 on Friday. The firm has a market capitalization of $5.86 billion, a P/E ratio of -13.35 and a beta of 0.77. The firm's fifty day moving average price is $17.77 and its two-hundred day moving average price is $18.71. SentinelOne has a 1 year low of $15.36 and a 1 year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative net margin of 49.36% and a negative return on equity of 15.95%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities research analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 31,916 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total value of $552,465.96. Following the completion of the sale, the chief executive officer owned 1,500,460 shares of the company's stock, valued at $25,972,962.60. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Keenan Michael Conder sold 5,827 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $100,865.37. Following the completion of the sale, the insider directly owned 590,505 shares of the company's stock, valued at $10,221,641.55. This represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,730 shares of company stock worth $2,366,017. 4.33% of the stock is currently owned by company insiders.

Institutional Trading of SentinelOne

A number of institutional investors and hedge funds have recently made changes to their positions in S. Price T Rowe Associates Inc. MD lifted its holdings in shares of SentinelOne by 77.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 656,955 shares of the company's stock worth $14,585,000 after acquiring an additional 285,787 shares during the period. Northern Trust Corp lifted its holdings in shares of SentinelOne by 17.3% during the 4th quarter. Northern Trust Corp now owns 1,886,764 shares of the company's stock worth $41,886,000 after acquiring an additional 278,362 shares during the period. Utah Retirement Systems lifted its holdings in shares of SentinelOne by 222.3% during the 4th quarter. Utah Retirement Systems now owns 47,381 shares of the company's stock worth $1,052,000 after acquiring an additional 32,681 shares during the period. Comerica Bank lifted its holdings in shares of SentinelOne by 3.0% during the 4th quarter. Comerica Bank now owns 902,445 shares of the company's stock worth $20,034,000 after acquiring an additional 26,090 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of SentinelOne during the 4th quarter worth approximately $821,000. Institutional investors own 90.87% of the company's stock.

SentinelOne Company Profile

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.

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