SentinelOne (NYSE:S - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Bank of America in a research note issued on Thursday, MarketBeat reports. They presently have a $21.00 price target on the stock. Bank of America's target price suggests a potential upside of 22.27% from the stock's previous close.
A number of other research firms have also recently weighed in on S. Canaccord Genuity Group cut their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Scotiabank cut their target price on SentinelOne from $26.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC lowered their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Piper Sandler dropped their price target on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group set a $21.00 price objective on shares of SentinelOne and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Ten research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.77.
Check Out Our Latest Stock Report on SentinelOne
SentinelOne Price Performance
Shares of SentinelOne stock traded down $0.44 on Thursday, reaching $17.18. 4,340,500 shares of the company were exchanged, compared to its average volume of 5,042,821. The stock's 50 day moving average price is $18.50 and its 200-day moving average price is $21.49. SentinelOne has a 1-year low of $15.36 and a 1-year high of $29.29. The company has a market cap of $5.66 billion, a P/E ratio of -18.26 and a beta of 0.81.
SentinelOne (NYSE:S - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The business's revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts predict that SentinelOne will post -0.76 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $124,689.90. Following the sale, the chief accounting officer now directly owns 230,685 shares in the company, valued at $4,509,891.75. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 10,624 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $210,036.48. Following the transaction, the insider now directly owns 488,122 shares in the company, valued at $9,650,171.94. This represents a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,914 shares of company stock worth $7,830,519. 4.33% of the stock is owned by insiders.
Hedge Funds Weigh In On SentinelOne
Large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co purchased a new stake in SentinelOne during the first quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after acquiring an additional 556 shares during the period. Avion Wealth purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $28,000. Crewe Advisors LLC acquired a new stake in shares of SentinelOne in the 4th quarter worth approximately $33,000. Finally, Arlington Trust Co LLC purchased a new position in SentinelOne in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 90.87% of the company's stock.
About SentinelOne
(
Get Free Report)
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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