Wedbush Reaffirms Outperform Rating for SentinelOne (NYSE:S)

SentinelOne (NYSE:S)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research note issued on Friday, Benzinga reports. They currently have a $25.00 target price on the stock. Wedbush’s target price indicates a potential upside of 25.96% from the company’s current price.

Other equities analysts have also issued reports about the company. Susquehanna increased their price target on SentinelOne from $20.00 to $28.00 and gave the company a “positive” rating in a research note on Monday, August 31st. Bank of America raised SentinelOne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $20.00 in a research note on Friday, May 29th. Oppenheimer increased their target price on SentinelOne from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Guggenheim raised their target price on shares of SentinelOne from $24.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein raised their target price on shares of SentinelOne from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

SentinelOne Stock Performance

Shares of NYSE S opened at $19.85 on Friday. The company has a market cap of $6.91 billion, a P/E ratio of -19.65 and a beta of 0.77. SentinelOne has a 52-week low of $11.81 and a 52-week high of $23.95. The firm’s fifty day moving average is $20.05 and its two-hundred day moving average is $16.73.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $291.98 million during the quarter, compared to the consensus estimate of $290.24 million. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.22) EPS. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, analysts forecast that SentinelOne will post -0.45 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Keenan Conder sold 8,312 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $19.79, for a total transaction of $164,494.48. Following the sale, the insider directly owned 948,046 shares of the company’s stock, valued at $18,761,830.34. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Barry Padgett sold 9,778 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total value of $196,440.02. Following the completion of the sale, the chief operating officer directly owned 977,430 shares of the company’s stock, valued at $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 375,496 shares of company stock valued at $6,952,135 over the last ninety days. 4.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in S. Allied Private Wealth LLC bought a new position in SentinelOne during the 2nd quarter valued at about $25,000. Allworth Financial LP grew its stake in shares of SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the last quarter. Danske Bank A S purchased a new stake in shares of SentinelOne in the third quarter worth approximately $26,000. EFG International AG bought a new stake in shares of SentinelOne during the 4th quarter worth approximately $41,000. Finally, Root Financial Partners LLC boosted its holdings in SentinelOne by 4,582.8% during the 1st quarter. Root Financial Partners LLC now owns 4,355 shares of the company’s stock valued at $56,000 after acquiring an additional 4,262 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.