Robert W. Baird Forecasts Strong Price Appreciation for SentinelOne (NYSE:S) Stock

SentinelOne (NYSE:S) had its target price raised by equities research analysts at Robert W. Baird from $21.00 to $23.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 21.62% from the company’s previous close.

S has been the topic of a number of other reports. Guggenheim restated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a research note on Wednesday, May 21st. Wells Fargo & Company restated an “equal weight” rating and issued a $18.00 price objective (down from $22.00) on shares of SentinelOne in a research note on Thursday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, May 23rd. DA Davidson dropped their price target on shares of SentinelOne from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Finally, BTIG Research reiterated a “neutral” rating on shares of SentinelOne in a research note on Monday, August 25th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

SentinelOne Price Performance

Shares of S opened at $18.91 on Friday. SentinelOne has a 1-year low of $15.36 and a 1-year high of $29.29. The stock has a market cap of $6.29 billion, a PE ratio of -14.33 and a beta of 0.77. The firm has a fifty day moving average price of $17.80 and a 200 day moving average price of $18.64.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analysts’ expectations of $228.39 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 15.96%. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. As a group, equities analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 2,921 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $17.31, for a total transaction of $50,562.51. Following the transaction, the chief accounting officer directly owned 306,044 shares in the company, valued at approximately $5,297,621.64. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 27,481 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $18.28, for a total transaction of $502,352.68. Following the transaction, the insider owned 1,030,544 shares in the company, valued at $18,838,344.32. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,730 shares of company stock valued at $2,366,017. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of SentinelOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after purchasing an additional 1,318,533 shares during the last quarter. Sylebra Capital LLC grew its position in shares of SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock valued at $192,218,000 after purchasing an additional 959,771 shares during the last quarter. First Trust Advisors LP grew its position in shares of SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after purchasing an additional 1,589,845 shares during the last quarter. Voya Investment Management LLC grew its position in shares of SentinelOne by 2.9% in the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock valued at $146,841,000 after purchasing an additional 229,230 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in SentinelOne by 17.5% during the second quarter. Legal & General Group Plc now owns 7,073,743 shares of the company’s stock worth $129,308,000 after acquiring an additional 1,053,340 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

SentinelOne Company Profile

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