SentinelOne Inc (NYSE: S) Stock: Will It Be A Game-Changer?

In today’s recent session, 5.73 million shares of the SentinelOne Inc (NYSE:S) have been traded, and its beta is 0.67. Most recently the company’s share price was $24.51, and it changed around -$0.24 or -0.95% from the last close, which brings the market valuation of the company to $7.67B. S at last check was trading at a discount to its 52-week high of $30.76, offering almost -25.5% off that amount. The share price’s 52-week low was $14.33, which indicates that the recent value has risen by an impressive 41.53% since then. We note from SentinelOne Inc’s average daily trading volume that its 10-day average is 4.84 million shares, with the 3-month average coming to 6.07 million.

SentinelOne Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.73. If we narrow it down even further, the data shows that 6 out of 26 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 18 recommended S as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. SentinelOne Inc is expected to report earnings per share of 0.01 for the current quarter.

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SentinelOne Inc (NYSE:S) trade information

Instantly S has been showing red trend so far today with a performance of -0.95% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 26.46 on recent trading dayincreased the stock’s daily price by 7.37%. The company’s shares are currently down -10.66% year-to-date, but still down -0.18% over the last five days. On the other hand, SentinelOne Inc (NYSE:S) is 8.71% up in the 30-day period. We can see from the shorts that 10.45 million shares have been sold at a short interest cover period of 1.59 day(s).

The consensus price target as assigned by Wall Street analysts is $27, which translates to bulls needing to increase their stock price by 9.22% from its current value. Analyst projections state that S is forecast to be at a low of $18 and a high of $57.

SentinelOne Inc (S) estimates and forecasts

SentinelOne Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -13.13 percent over the past six months and at a 110.71% annual growth rate that is well above the industry average of 12.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 133.30% in revenue this quarter, and will report an increase of 250.00% in the next quarter. The year-over-year growth rate is expected to be 30.90%, up from the previous year.

Consensus estimates provided by 29 financial analysts predict the company will bring in an average of 209.47M in revenue for the current quarter. 29 analysts expect SentinelOne Inc to make 220.41M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 26.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -43.89%. SentinelOne Inc earnings are expected to increase by 112.32% in 2024, but the outlook is positive 40.20% per year for the next five years.

S Dividends

SentinelOne Inc’s next quarterly earnings report is expected to be released in September.

SentinelOne Inc (NYSE:S)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.32% of SentinelOne Inc shares, and 77.46% of them are in the hands of institutional investors. The stock currently has a share float of 77.72%. SentinelOne Inc stock is held by 500.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.1948% of the shares, which is about 28.46 million shares worth $599.13 million.

INSIGHT HOLDINGS GROUP, LLC, with 7.8005% or 24.15 million shares worth $508.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 7.86 shares worth $192.7 million, making up 2.74% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 6.34 shares worth around $155.46 million, which represents about 2.21% of the total shares outstanding.