SentinelOne (NYSE:S – Get Free Report) had its target price upped by research analysts at Wells Fargo & Company from $14.00 to $17.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 1.22% from the company’s previous close.
S has been the subject of several other reports. KeyCorp initiated coverage on shares of SentinelOne in a research report on Wednesday, June 14th. They issued a “sector weight” rating for the company. Guggenheim upped their target price on SentinelOne from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Westpark Capital lowered shares of SentinelOne from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of SentinelOne in a report on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of SentinelOne from $15.50 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 24th. One 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, the company presently has an average rating of “Hold” and an average target price of $20.50.
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, topping the consensus estimate of ($0.14) by $0.06. SentinelOne had a negative net margin of 82.90% and a negative return on equity of 21.67%. The company had revenue of $149.42 million for the quarter, compared to analysts’ expectations of $140.98 million. During the same period in the prior year, the business earned ($0.32) earnings per share. SentinelOne’s revenue for the quarter was up 45.8% compared to the same quarter last year. Equities analysts forecast that SentinelOne will post -1.23 earnings per share for the current fiscal year.
Insider Buying and Selling at SentinelOne
In related news, CAO Robin Tomasello sold 3,793 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $12.64, for a total value of $47,943.52. Following the completion of the transaction, the chief accounting officer now directly owns 158,805 shares in the company, valued at approximately $2,007,295.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other SentinelOne news, CFO David J. Bernhardt sold 6,486 shares of the business’s stock in a transaction 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 directly owns 382,086 shares of the company’s stock, valued at $4,829,567.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robin Tomasello sold 3,793 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $12.64, for a total value of $47,943.52. Following the completion of the sale, the chief accounting officer now directly owns 158,805 shares in the company, valued at $2,007,295.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 288,179 shares of company stock valued at $4,294,152. 5.93% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On SentinelOne
Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in SentinelOne by 3.8% in the first quarter. Commonwealth Equity Services LLC now owns 18,039 shares of the company’s stock worth $295,000 after buying an additional 653 shares during the last quarter. CWM LLC increased its position in shares of SentinelOne by 57.4% during the second 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. Sei Investments Co. raised its holdings in SentinelOne by 1.0% in the 4th quarter. Sei Investments Co. now owns 72,447 shares of the company’s stock worth $1,057,000 after acquiring an additional 723 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in SentinelOne by 3.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,350 shares of the company’s stock valued at $413,000 after acquiring an additional 785 shares in the last quarter. Finally, L.M. Kohn & Company boosted its stake in SentinelOne by 4.5% during the 4th quarter. L.M. Kohn & Company now owns 18,810 shares of the company’s stock valued at $274,000 after purchasing an additional 810 shares during the last quarter. Hedge funds and other institutional investors own 71.33% of the company’s stock.
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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