Wedbush reiterated their outperform rating on shares of SentinelOne (NYSE:S – Free Report) in a report released on Friday, Benzinga reports. The firm currently has a $22.00 price target on the stock.
S has been the topic of a number of other reports. Needham & Company LLC lifted their price objective on shares of SentinelOne from $19.00 to $23.00 in a research note on Friday. BTIG Research downgraded SentinelOne from a buy rating to a neutral rating in a research note on Friday, June 2nd. Raymond James boosted their target price on SentinelOne from $20.00 to $22.00 and gave the company a strong-buy rating in a report on Friday. Stephens downgraded SentinelOne from an overweight rating to an equal weight rating and decreased their price target for the stock from $22.00 to $15.00 in a report on Friday, June 2nd. Finally, Piper Sandler boosted their price objective on shares of SentinelOne from $15.00 to $17.00 and gave the company a neutral rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of Hold and a consensus price target of $20.50.
View Our Latest Analysis on SentinelOne
SentinelOne Stock Performance
SentinelOne (NYSE:S – Get Free Report) last posted its quarterly earnings data on Thursday, August 31st. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The business had revenue of $149.42 million during the quarter, compared to the consensus estimate of $140.98 million. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. The company’s revenue was up 45.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) earnings per share. As a group, analysts forecast that SentinelOne will post -1.23 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO David J. Bernhardt sold 6,486 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total value of $81,983.04. Following the sale, the chief financial officer now owns 382,086 shares of the company’s stock, valued at approximately $4,829,567.04. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Tomer Weingarten sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $15.06, for a total transaction of $602,400.00. Following the sale, the chief executive officer now owns 870,838 shares in the company, valued at $13,114,820.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 6,486 shares of SentinelOne stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total value of $81,983.04. Following the completion of the sale, the chief financial officer now owns 382,086 shares of the company’s stock, valued at approximately $4,829,567.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,179 shares of company stock worth $4,294,152. Insiders own 5.93% of the company’s stock.
Institutional Investors Weigh In On SentinelOne
Institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL increased its holdings in SentinelOne by 42.9% in the 4th quarter. Blair William & Co. IL now owns 14,323 shares of the company’s stock valued at $209,000 after purchasing an additional 4,300 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of SentinelOne by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,817 shares of the company’s stock valued at $639,000 after purchasing an additional 15,579 shares during the period. Mirador Capital Partners LP acquired a new stake in SentinelOne during the 1st quarter valued at $268,000. Virtu Financial LLC purchased a new stake in SentinelOne during the 1st quarter worth $416,000. Finally, Ieq Capital LLC lifted its holdings in SentinelOne by 43.5% in the 1st quarter. Ieq Capital LLC now owns 1,798,258 shares of the company’s stock worth $29,420,000 after buying an additional 545,477 shares in the last quarter. Hedge funds and other institutional investors own 71.33% of the company’s stock.
SentinelOne Company Profile
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.
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