JPMorgan Chase & Co. Issues Positive Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $30.00 to $33.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.87% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Westpark Capital reissued a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and upped their price objective for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Wells Fargo & Company upped their target price on shares of SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Morgan Stanley upped their target price on shares of SentinelOne from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird upped their target price on shares of SentinelOne from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.96.

SentinelOne Stock Up 1.4 %

Shares of SentinelOne stock traded up $0.40 during trading hours on Friday, reaching $28.48. 768,018 shares of the company’s stock were exchanged, compared to its average volume of 5,114,838. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The company has a market capitalization of $9.03 billion, a P/E ratio of -30.62 and a beta of 0.65. The business has a fifty day moving average of $25.96 and a two-hundred day moving average of $22.95.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $198.94 million during the quarter, compared to analyst estimates of $197.32 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. SentinelOne’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, research analysts predict that SentinelOne will post -0.73 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other news, CFO David J. Bernhardt sold 11,222 shares of SentinelOne stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total transaction of $240,150.80. Following the completion of the transaction, the chief financial officer now owns 477,781 shares of the company’s stock, valued at $10,224,513.40. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,584 shares of SentinelOne stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.99, for a total value of $335,286.16. Following the completion of the sale, the insider now owns 636,699 shares of the company’s stock, valued at $14,637,710.01. This trade represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 432,125 shares of company stock worth $10,367,734 over the last three months. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors have recently made changes to their positions in the business. Sylebra Capital LLC grew its stake in SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Eminence Capital LP grew its stake in SentinelOne by 24.2% during the 2nd quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock worth $144,282,000 after buying an additional 1,337,145 shares during the last quarter. State Street Corp grew its stake in SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the last quarter. Geode Capital Management LLC grew its stake in SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after buying an additional 355,944 shares during the last quarter. Finally, Atreides Management LP grew its stake in SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock worth $90,965,000 after buying an additional 2,200,594 shares during the last quarter. 90.87% of the stock is 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.