Citigroup Boosts SentinelOne (NYSE:S) Price Target to $18.00

SentinelOne (NYSE:S) had its target price raised by stock analysts at Citigroup from $15.00 to $18.00 in a report issued on Tuesday, FlyOnTheWall reports. Citigroup’s price target would suggest a potential upside of 8.66% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler lifted their price target on shares of SentinelOne from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, September 1st. Wells Fargo & Company raised their price objective on SentinelOne from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Jefferies Financial Group upped their target price on SentinelOne from $15.50 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 24th. BTIG Research downgraded shares of SentinelOne from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of SentinelOne from $16.00 to $18.00 in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, seventeen have given 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, SentinelOne has a consensus rating of “Hold” and a consensus price target of $20.57.

SentinelOne Stock Performance

Shares of NYSE:S opened at $16.57 on Tuesday. The stock has a 50-day simple moving average of $15.86 and a 200-day simple moving average of $16.20. The stock has a market capitalization of $4.90 billion, a P/E ratio of -12.18 and a beta of 0.30. SentinelOne has a 1 year low of $12.43 and a 1 year high of $28.59.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, August 31st. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. SentinelOne had a negative net margin of 74.19% and a negative return on equity of 21.47%. The business had revenue of $149.42 million for the quarter, compared to the consensus estimate of $140.98 million. During the same quarter last year, the firm posted ($0.32) EPS. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. Analysts predict that SentinelOne will post -1.16 earnings per share for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, COO Narayanan Srivatsan sold 12,709 shares of SentinelOne stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $14.67, for a total transaction of $186,441.03. Following the transaction, the chief operating officer now owns 585,852 shares of the company’s stock, valued at approximately $8,594,448.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO David J. Bernhardt sold 3,076 shares of SentinelOne stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $15.00, for a total transaction of $46,140.00. Following the completion of the sale, the chief financial officer now directly owns 428,390 shares in the company, valued at approximately $6,425,850. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Narayanan Srivatsan sold 12,709 shares of SentinelOne stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $14.67, for a total transaction of $186,441.03. Following the completion of the sale, the chief operating officer now owns 585,852 shares of the company’s stock, valued at $8,594,448.84. The disclosure for this sale can be found here. Insiders sold a total of 227,958 shares of company stock valued at $3,604,072 over the last quarter. Company insiders own 5.93% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in SentinelOne by 20.0% during the first quarter. Envestnet Asset Management Inc. now owns 8,643 shares of the company’s stock valued at $335,000 after purchasing an additional 1,439 shares during the last quarter. ProShare Advisors LLC acquired a new position in SentinelOne in the 1st quarter valued at $286,000. Bank of New York Mellon Corp raised its holdings in SentinelOne by 547.1% in the 1st quarter. Bank of New York Mellon Corp now owns 478,107 shares of the company’s stock worth $18,521,000 after acquiring an additional 404,220 shares during the period. Cetera Advisor Networks LLC acquired a new position in SentinelOne during the 1st quarter worth $212,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of SentinelOne in the first quarter valued at about $108,000. 71.33% of the stock is owned by institutional investors and hedge funds.

About SentinelOne

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.