SentinelOne (NYSE:S) Given New $23.00 Price Target at Needham & Company LLC

SentinelOne (NYSE:S) had its price target increased by Needham & Company LLC from $19.00 to $23.00 in a research report released on Friday morning, FlyOnTheWall reports.

Other equities research analysts have also issued research reports about the stock. Raymond James increased their price objective on shares of SentinelOne from $20.00 to $22.00 and gave the stock a strong-buy rating in a research report on Friday. Guggenheim increased their price target on SentinelOne from $16.00 to $19.00 and gave the company a buy rating in a report on Wednesday, August 23rd. KeyCorp initiated coverage on SentinelOne in a research note on Wednesday, June 14th. They set a sector weight rating on the stock. Scotiabank increased their target price on SentinelOne from $15.00 to $16.50 in a research note on Friday. Finally, BTIG Research lowered SentinelOne from a buy rating to a neutral rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SentinelOne has a consensus rating of Hold and a consensus price target of $20.50.

SentinelOne Trading Up 3.5 %

Shares of S opened at $17.21 on Friday. The stock’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $16.10. SentinelOne has a twelve month low of $12.43 and a twelve month high of $29.44. The firm has a market capitalization of $5.03 billion, a P/E ratio of -12.29 and a beta of 0.31.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative return on equity of 21.67% and a negative net margin of 82.90%. The company had revenue of $149.42 million for the quarter, compared to the consensus estimate of $140.98 million. During the same period last year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 45.8% compared to the same quarter last year. Sell-side analysts predict that SentinelOne will post -1.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ric Smith sold 15,498 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $195,894.72. Following the completion of the sale, the insider now owns 547,204 shares of the company’s stock, valued at approximately $6,916,658.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other SentinelOne news, CEO Tomer Weingarten sold 40,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $16.36, for a total value of $654,400.00. Following the sale, the chief executive officer now directly owns 890,794 shares of the company’s stock, valued at $14,573,389.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ric Smith sold 15,498 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total transaction of $195,894.72. Following the transaction, the insider now directly owns 547,204 shares of the company’s stock, valued at approximately $6,916,658.56. The disclosure for this sale can be found here. Insiders sold a total of 288,179 shares of company stock valued at $4,294,152 over the last 90 days. 5.93% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

A number of large investors have recently modified their holdings of the company. CWM LLC raised its stake in SentinelOne by 57.4% during the 2nd quarter. CWM LLC now owns 1,969 shares of the company’s stock valued at $30,000 after acquiring an additional 718 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of SentinelOne by 85.4% during the second quarter. Itau Unibanco Holding S.A. now owns 2,633 shares of the company’s stock valued at $40,000 after purchasing an additional 1,213 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SentinelOne in the first quarter worth about $43,000. Advisors Asset Management Inc. bought a new position in SentinelOne in the 1st quarter valued at about $43,000. Finally, Delta Asset Management LLC TN acquired a new position in SentinelOne during the 4th quarter valued at about $45,000. Institutional investors and hedge funds 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.