SentinelOne (NYSE:S) Given New $30.00 Price Target at Morgan Stanley

SentinelOne (NYSE:SGet Rating) had its price target reduced by Morgan Stanley from $40.00 to $30.00 in a research report sent to investors on Tuesday, The Fly reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on S. Barclays raised their price target on shares of SentinelOne from $31.00 to $33.00 and gave the company an equal weight rating in a report on Thursday, September 1st. BTIG Research lifted their target price on shares of SentinelOne to $38.00 in a report on Tuesday, September 6th. StockNews.com raised shares of SentinelOne to a sell rating in a report on Friday, September 2nd. William Blair began coverage on shares of SentinelOne in a report on Thursday, November 10th. They issued an outperform rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of SentinelOne from $30.00 to $32.00 and gave the stock a buy rating in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, SentinelOne has a consensus rating of Moderate Buy and a consensus target price of $38.56.

SentinelOne Trading Up 0.9 %

Shares of NYSE:S opened at $16.33 on Tuesday. The company’s fifty day moving average is $22.59 and its 200 day moving average is $24.20. SentinelOne has a 52 week low of $15.43 and a 52 week high of $65.59.

SentinelOne (NYSE:SGet Rating) last released its quarterly earnings data on Wednesday, August 31st. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.04. The firm had revenue of $102.51 million during the quarter, compared to analysts’ expectations of $95.66 million. SentinelOne had a negative net margin of 107.95% and a negative return on equity of 18.98%. The firm’s quarterly revenue was up 124.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.56) earnings per share. As a group, sell-side analysts forecast that SentinelOne will post -1.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 1,538 shares of the firm’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $20.97, for a total value of $32,251.86. Following the completion of the transaction, the chief financial officer now owns 100,732 shares in the company, valued at $2,112,350.04. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CTO Ric Smith sold 2,139 shares of SentinelOne stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $17.91, for a total value of $38,309.49. Following the transaction, the chief technology officer now directly owns 91,936 shares of the company’s stock, valued at approximately $1,646,573.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David J. Bernhardt sold 1,538 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $20.97, for a total value of $32,251.86. Following the transaction, the chief financial officer now directly owns 100,732 shares in the company, valued at $2,112,350.04. The disclosure for this sale can be found here. Insiders sold a total of 27,666 shares of company stock valued at $513,457 over the last three months. 7.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC bought a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $26,000. Advisors Asset Management Inc. bought a new stake in shares of SentinelOne in the 1st quarter valued at approximately $43,000. Lazard Asset Management LLC bought a new stake in shares of SentinelOne in the 3rd quarter valued at approximately $31,000. Islay Capital Management LLC increased its holdings in shares of SentinelOne by 50.0% in the 2nd quarter. Islay Capital Management LLC now owns 1,500 shares of the company’s stock valued at $35,000 after acquiring an additional 500 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in shares of SentinelOne by 1,881.2% in the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 2,001 shares of the company’s stock valued at $47,000 after acquiring an additional 1,900 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

SentinelOne Company Profile

(Get Rating)

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.

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