SentinelOne, a leading cybersecurity provider, has seen its price target raised by analysts at Robert W. Baird. In a recent report, Baird increased the price objective for SentinelOne from $25.00 to $29.00, indicating a potential upside of 17.15% from the current stock price. The company currently holds an “outperform” rating from Baird.
Other equities analysts have also released reports on SentinelOne. Baird R W upgraded the company to a “strong-buy” rating, while DA Davidson maintained a “neutral” rating and raised their price target to $18.50. UBS Group lowered their price objective to $27.00 but maintained a “buy” rating. Needham & Company LLC also raised their target price to $29.00 and gave the stock a “buy” rating. Westpark Capital, on the other hand, reduced their price target to $34.00 but maintained a “buy” rating.
SentinelOne recently reported its earnings results for the quarter ended May 30th. The company posted earnings per share (EPS) of ($0.23), missing analysts’ consensus estimates of ($0.05) by ($0.18). Despite this, the company’s quarterly revenue of $186.36 million exceeded analysts’ expectations of $181.11 million, representing a 39.7% increase year-over-year.
In terms of insider activity, CEO Tomer Weingarten sold 60,864 shares of SentinelOne’s stock, while CFO David J. Bernhardt sold 4,021 shares. Over the last three months, insiders have sold a total of 610,851 shares, representing 5.60% of the company’s stock.
Several institutional investors have also made changes to their positions in SentinelOne. Notably, Norges Bank and Trivest Advisors Ltd purchased significant stakes in the company, while Eminence Capital LP and Massachusetts Financial Services Co. MA increased their positions. Vanguard Group Inc. also raised its stake in SentinelOne.
Overall, SentinelOne operates as a cybersecurity provider, offering artificial intelligence-powered autonomous threat prevention, detection, and response capabilities. Its Singularity Platform provides seamless and autonomous protection against a wide range of cyber threats across an organization’s endpoints, cloud workloads, and identity credentials.