SentinelOne (NYSE:S) Reaches New 52-Week High – Here’s Why

SentinelOne, Inc. (NYSE:S) reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.30 and last traded at $24.2450, with a volume of 2532415 shares. The stock had previously closed at $23.85.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on S shares. Needham & Company LLC lifted their price objective on shares of SentinelOne from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Sanford C. Bernstein cut SentinelOne from an “outperform” rating to a “market perform” rating and raised their price target for the company from $21.00 to $25.00 in a research note on Thursday, September 17th. Bank of America raised SentinelOne from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $20.00 in a report on Friday, May 29th. UBS Group increased their price objective on SentinelOne from $16.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Finally, Stephens reissued an “overweight” rating and set a $26.00 target price on shares of SentinelOne in a research report on Friday, August 28th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.64.

SentinelOne Stock Performance

The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of -23.74 and a beta of 0.77. The business has a 50-day moving average of $20.76 and a 200-day moving average of $17.28.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The company had revenue of $291.98 million for the quarter, compared to analyst estimates of $290.24 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, research analysts predict that SentinelOne, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, COO Barry L. Padgett sold 9,778 shares of SentinelOne stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $20.09, for a total value of $196,440.02. Following the transaction, the chief operating officer directly owned 977,430 shares in the company, valued at approximately $19,636,568.70. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Keenan Conder sold 8,312 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total value of $164,494.48. Following the completion of the transaction, the insider owned 948,046 shares in the company, valued at $18,761,830.34. This trade represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 445,756 shares of company stock worth $8,621,569 over the last 90 days. Company insiders own 4.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of S. Norges Bank acquired a new stake in shares of SentinelOne in the 4th quarter worth approximately $54,770,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in SentinelOne during the second quarter worth $59,607,000. Wellington Management Group LLP boosted its position in SentinelOne by 216.0% during the second quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock worth $85,110,000 after purchasing an additional 3,428,192 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new stake in SentinelOne in the fourth quarter valued at $25,746,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of SentinelOne in the first quarter valued at $17,434,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.