Wedbush Boosts SentinelOne (NYSE:S) Price Target to $22.00

SentinelOne (NYSE:S – Get Rating) had its price objective upped by Wedbush from $19.00 to $22.00 in a report issued on Wednesday morning, The Fly reports.

A number of other research analysts also recently issued reports on the company. Citigroup reduced their price objective on SentinelOne from $30.00 to $17.00 in a research note on Thursday, December 8th. Guggenheim assumed coverage on SentinelOne in a research note on Monday, January 23rd. They issued a buy rating and a $18.00 price objective on the stock. Redburn Partners assumed coverage on SentinelOne in a research report on Thursday, December 1st. They issued a neutral rating and a $18.00 target price for the company. Cowen decreased their target price on SentinelOne from $45.00 to $35.00 in a research report on Wednesday, December 7th. Finally, Wells Fargo & Company downgraded SentinelOne from an overweight rating to an equal weight rating and set a $18.00 target price for the company. in a research report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $20.79.

SentinelOne Stock Down 1.0 %

Shares of NYSE:S opened at $15.07 on Wednesday. The business’s 50 day moving average is $15.21 and its 200 day moving average is $18.49. SentinelOne has a 12-month low of $12.69 and a 12-month high of $42.84. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -11.08 and a beta of 0.50.

SentinelOne (NYSE:S – Get Rating) last posted its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to the consensus estimate of $124.69 million. SentinelOne had a negative net margin of 89.70% and a negative return on equity of 21.10%. The business’s revenue for the quarter was up 92.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.27) EPS. As a group, equities research analysts expect that SentinelOne will post -1.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Keenan Michael Conder sold 1,724 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,566.68. Following the completion of the transaction, the insider now directly owns 368,599 shares in the company, valued at $6,107,685.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other SentinelOne news, insider Keenan Michael Conder sold 1,724 shares of SentinelOne stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,566.68. Following the completion of the sale, the insider now owns 368,599 shares of the company’s stock, valued at $6,107,685.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ric Smith sold 190,539 shares of SentinelOne stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $15.35, for a total value of $2,924,773.65. Following the sale, the insider now directly owns 568,855 shares of the company’s stock, valued at approximately $8,731,924.25. The disclosure for this sale can be found here. Insiders sold a total of 210,461 shares of company stock worth $3,237,014 over the last ninety days. 7.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds have recently added to or reduced their stakes in S. Price T Rowe Associates Inc. MD lifted its stake in shares of SentinelOne by 6.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 27,110,040 shares of the company’s stock valued at $632,477,000 after acquiring an additional 1,751,920 shares during the last quarter. Vanguard Group Inc. boosted its holdings in SentinelOne by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 17,585,277 shares of the company’s stock valued at $449,480,000 after acquiring an additional 794,439 shares during the period. BlackRock Inc. boosted its holdings in SentinelOne by 9.8% during the 3rd quarter. BlackRock Inc. now owns 9,044,058 shares of the company’s stock valued at $231,166,000 after acquiring an additional 804,196 shares during the period. First Trust Advisors LP boosted its holdings in SentinelOne by 9.0% during the 4th quarter. First Trust Advisors LP now owns 6,826,216 shares of the company’s stock valued at $99,452,000 after acquiring an additional 561,756 shares during the period. Finally, Capital Research Global Investors boosted its holdings in SentinelOne by 57.6% during the 1st quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock valued at $247,088,000 after acquiring an additional 2,331,873 shares during the period. Institutional investors own 79.18% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.