SentinelOne Inc (S) Outlook Starting To Look Brighter?

SentinelOne Inc (S) concluded trading on Wednesday at a closing price of $25.60, with 10.86 million shares of worth about $278.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 52.20% during that period and on Wednesday the price saw a loss of about -12.18%. Currently the company’s common shares owned by public are about 298.68M shares, out of which, 228.66M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 126 times over the past 12 months. They bought 1,422,568 shares in 49 of the transactions. In 77 selling transactions, insiders dumped 1,625,761 shares.

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However, the stock later moved at a day high price of 27.05, or with a loss of -12.18%. Stock saw a price change of -11.69% in past 5 days and over the past one month there was a price change of -2.62%. Year-to-date (YTD), S shares are showing a performance of -6.71% which increased to 60.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.43 but also hit the highest price of $30.76 during that period. The average intraday trading volume for SentinelOne Inc shares is 6.58 million. The stock is currently trading -8.82% below its 20-day simple moving average (SMA20), while that difference is down -3.58% for SMA50 and it goes to 34.86% higher than SMA200.

SentinelOne Inc (NYSE: S) currently have 298.68M outstanding shares and institutions hold larger chunk of about 61.27% of that.

The stock has a current market capitalization of $7.65B and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$1.24 in the same period. It has Quick Ratio of 2.05 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for S, volatility over the week remained 3.81% while standing at 4.33% over the month.

Analysts are in expectations that SentinelOne Inc (S) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is $0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 58.44% while it is estimated to increase by 121.64% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on February 14, 2024 offering a Buy rating for the stock and assigned a target price range of between $26.50 and $35 to it. Coverage by BTIG Research stated SentinelOne Inc (S) stock as a Buy in their note to investors on January 22, 2024, suggesting a price target of $30 for the stock. On January 18, 2024, Bernstein Initiated their recommendations, while on December 15, 2023, Susquehanna Initiated their ratings for the stock with a price target of $35. Stock get a Buy rating from Needham on December 06, 2023.

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