SentinelOne (NYSE:S) PT Raised to $30.00 at Loop Capital

SentinelOne (NYSE:S) had its price objective lifted by Loop Capital from $28.00 to $30.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on S. Scotiabank upped their target price on SentinelOne from $16.50 to $20.00 and gave the stock a sector perform rating in a report on Thursday, December 7th. The Goldman Sachs Group increased their price target on SentinelOne from $19.00 to $28.00 and gave the company a neutral rating in a research note on Wednesday, February 21st. Bank of America raised SentinelOne from a neutral rating to a buy rating and increased their price target for the company from $26.50 to $35.00 in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price target on SentinelOne from $22.00 to $28.00 and gave the company an equal weight rating in a research note on Thursday. Finally, Needham & Company LLC increased their price target on SentinelOne from $28.00 to $31.00 and gave the company a buy rating in a research note on Tuesday, March 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SentinelOne has an average rating of Hold and an average target price of $26.04.

SentinelOne Price Performance

Shares of S stock traded up $1.09 on Thursday, hitting $23.18. 8,943,659 shares of the company’s stock were exchanged, compared to its average volume of 6,636,222. SentinelOne has a 12 month low of $12.43 and a 12 month high of $30.76. The stock has a market cap of $6.92 billion, a P/E ratio of -20.13 and a beta of 0.71. The company has a 50 day moving average of $26.91 and a 200 day moving average of $21.85.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. SentinelOne had a negative return on equity of 18.83% and a negative net margin of 54.53%. The business had revenue of $174.18 million during the quarter, compared to analysts’ expectations of $169.40 million. During the same quarter in the prior year, the firm earned ($0.30) EPS. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. Sell-side analysts predict that SentinelOne will post -0.72 EPS for the current fiscal year.

Insider Activity

In related news, CFO David J. Bernhardt sold 34,021 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $30.03, for a total transaction of $1,021,650.63. Following the completion of the sale, the chief financial officer now directly owns 403,132 shares of the company’s stock, valued at $12,106,053.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Insight Holdings Group, Llc sold 517,103 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $22.76, for a total transaction of $11,769,264.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 34,021 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.03, for a total value of $1,021,650.63. Following the completion of the sale, the chief financial officer now directly owns 403,132 shares of the company’s stock, valued at $12,106,053.96. The disclosure for this sale can be found here. Insiders have sold 930,108 shares of company stock worth $22,639,222 over the last 90 days. 5.93% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

A number of large investors have recently bought and sold shares of S. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of SentinelOne in the third quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of SentinelOne in the third quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of SentinelOne in the third quarter valued at $34,000. Montag A & Associates Inc. grew its position in shares of SentinelOne by 143.0% in the third quarter. Montag A & Associates Inc. now owns 2,039 shares of the company’s stock valued at $34,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of SentinelOne in the third quarter valued at $37,000. 71.33% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Extended Detection and Response Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints; and cloud workloads, which enables seamless and automatic protection against a spectrum of cyber threats.