SentinelOne (NYSE:S) Given New $24.00 Price Target at Susquehanna

SentinelOne (NYSE:S - Get Free Report) had its target price decreased by Susquehanna from $25.00 to $24.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "positive" rating on the stock. Susquehanna's target price would suggest a potential upside of 35.90% from the company's current price.

A number of other brokerages also recently commented on S. Roth Mkm began coverage on SentinelOne in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $26.00 price objective for the company. Barclays lowered their price objective on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday. Morgan Stanley lowered their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group lowered their price objective on SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Roth Capital set a $26.00 price objective on SentinelOne and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.77.

SentinelOne Price Performance

SentinelOne stock traded up $0.27 during mid-day trading on Thursday, hitting $17.66. 9,093,528 shares of the company were exchanged, compared to its average volume of 5,141,173. The business's 50 day simple moving average is $18.50 and its two-hundred day simple moving average is $21.58. The company has a market capitalization of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business's revenue was up 22.9% compared to the same quarter last year. Equities research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 1,496 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $29,575.92. Following the completion of the transaction, the chief accounting officer now owns 233,484 shares of the company's stock, valued at approximately $4,615,978.68. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 39,477 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the transaction, the chief executive officer now directly owns 900,249 shares of the company's stock, valued at $17,599,867.95. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,914 shares of company stock valued at $7,830,519 over the last quarter. Company insiders own 4.33% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co acquired a new stake in SentinelOne during the first quarter valued at approximately $26,000. Smartleaf Asset Management LLC raised its stake in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in SentinelOne during the fourth quarter valued at approximately $28,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne during the 4th quarter worth approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter worth approximately $33,000. Hedge funds and other 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.