SentinelOne (NYSE:S) Given New $20.00 Price Target at Citigroup

SentinelOne (NYSE:SGet Free Report) had its price objective decreased by equities researchers at Citigroup from $25.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 16.04% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Loop Capital decreased their price target on shares of SentinelOne from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 31st. DA Davidson raised their target price on SentinelOne from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. UBS Group cut their target price on SentinelOne from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, May 31st. JMP Securities reissued a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Friday, May 31st. Finally, Wedbush lifted their price objective on SentinelOne from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $25.08.

Check Out Our Latest Stock Report on S

SentinelOne Stock Down 0.6 %

NYSE S opened at $17.24 on Wednesday. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -16.90 and a beta of 0.59. SentinelOne has a twelve month low of $13.62 and a twelve month high of $30.76. The business’s fifty day moving average is $21.29 and its 200 day moving average is $23.86.

SentinelOne (NYSE:SGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The firm had revenue of $186.36 million for the quarter, compared to analyst estimates of $181.11 million. During the same period in the previous year, the business posted ($0.35) earnings per share. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, research analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO David J. Bernhardt sold 4,021 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $20.88, for a total transaction of $83,958.48. Following the completion of the sale, the chief financial officer now directly owns 528,359 shares of the company’s stock, valued at $11,032,135.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other SentinelOne news, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $20.88, for a total transaction of $83,958.48. Following the completion of the transaction, the chief financial officer now owns 528,359 shares in the company, valued at approximately $11,032,135.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 47,365 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $22.57, for a total value of $1,069,028.05. Following the sale, the chief executive officer now directly owns 1,285,122 shares of the company’s stock, valued at $29,005,203.54. The disclosure for this sale can be found here. Insiders have sold a total of 284,928 shares of company stock worth $6,205,007 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 2.0% in the third quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock valued at $387,480,000 after purchasing an additional 442,593 shares during the last quarter. Caprock Group LLC increased its stake in SentinelOne by 96.5% in the 4th quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock valued at $5,320,000 after buying an additional 95,206 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of SentinelOne by 79.7% during the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock worth $768,000 after buying an additional 12,407 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SentinelOne by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock worth $78,931,000 after buying an additional 409,454 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of SentinelOne by 29.1% in the third quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock valued at $5,563,000 after acquiring an additional 74,378 shares in the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

About SentinelOne

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SentinelOne (NYSE:S)

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