Analysts Set SentinelOne, Inc. (NYSE:S) Price Target at $21.72

SentinelOne, Inc. (NYSE:S) has been given an average rating of “Moderate Buy” by the thirty ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.6724.

S has been the topic of a number of recent research reports. DA Davidson decreased their price objective on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, December 5th. The Goldman Sachs Group cut their price objective on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Westpark Capital restated a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, December 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price target on shares of SentinelOne in a report on Friday, December 5th.

SentinelOne Price Performance

Shares of S opened at $13.54 on Tuesday. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -10.83 and a beta of 0.77. SentinelOne has a 1 year low of $12.43 and a 1 year high of $23.00. The business’s 50 day simple moving average is $14.34 and its 200-day simple moving average is $16.18.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.25) earnings per share. On average, sell-side analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ana G. Pinczuk sold 11,900 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the sale, the insider owned 560,589 shares in the company, valued at $8,307,928.98. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 125,429 shares of SentinelOne stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the sale, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at approximately $16,494,999.72. This trade represents a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 331,694 shares of company stock valued at $4,849,673. 4.33% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Allworth Financial LP increased its position in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 726 shares during the period. Strategic Advocates LLC bought a new position in shares of SentinelOne during the third quarter valued at approximately $26,000. Danske Bank A S purchased a new position in SentinelOne during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp purchased a new position in SentinelOne during the second quarter valued at approximately $29,000. Finally, Assetmark Inc. raised its stake in SentinelOne by 700.8% in the fourth quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock worth $29,000 after buying an additional 1,668 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.