SentinelOne Inc (NYSE: S) Bullish Stock Forecast for 2024 with 33 Per Share

In the latest trading session, 0.84 million SentinelOne Inc (NYSE:S) shares changed hands as the company’s beta touched 0.67. With the company’s most recent per share price at $24.96 changed hands at -$0.93 or -3.58% at last look, the market valuation stands at $7.92B. S’s current price is a discount, trading about -23.24% off its 52-week high of $30.76. The share price had its 52-week low at $14.33, which suggests the last value was 42.59% up since then. When we look at SentinelOne Inc’s average trading volume, we note the 10-day average is 4.7 million shares, with the 3-month average coming to 4.87 million.

Analysts gave the SentinelOne Inc (S) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.65. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 11 recommended S as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. SentinelOne Inc’s EPS for the current quarter is expected to be 0.01.

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SentinelOne Inc (NYSE:S) trade information

Instantly S was in red as seen in intraday trades today. With action -3.95%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -9.03%, with the 5-day performance at -3.95% in the red. However, in the 30-day time frame, SentinelOne Inc (NYSE:S) is 2.94% up. Looking at the short shares, we see there were 13.26 million shares sold at short interest cover period of 3.01 days.

The consensus price target for the stock as assigned by Wall Street analysts is 27, meaning bulls need an upside of 7.56% from its recent market value. According to analyst projections, S’s forecast low is 18 with 33 as the target high. To hit the forecast high, the stock’s price needs a -32.21% plunge from its current level, while the stock would need to tank 27.88% for it to hit the projected low.

SentinelOne Inc (S) estimates and forecasts

Data shows that the SentinelOne Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.73% over the past 6 months, a 110.71% in annual growth rate that is considerably higher than the industry average of 14.10%. Year-over-year growth is forecast to reach 31.30% up from the last financial year.

Consensus estimates given by 29 financial analysts project the company’s revenue in the current quarter to hit an average of 209.71M. 29 analysts are of the opinion that SentinelOne Inc’s revenue for the current quarter will be 220.61M. The estimates for the next quarter sales put growth at 26.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -43.89%. The 2024 estimates are for SentinelOne Inc earnings to increase by 112.03%, but the outlook for the next 5-year period is at 35.00% per year.

S Dividends

SentinelOne Inc is expected to release its next quarterly earnings report on 2024-Aug-27.

SentinelOne Inc (NYSE:S)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.47% of SentinelOne Inc shares while 77.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.98%. There are 77.61% institutions holding the SentinelOne Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.1948% of the shares, roughly 28.46 million S shares worth $599.13 million.

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

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 8.65 shares estimated at $217.09 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.35% of the shares, roughly 6.85 shares worth around $171.92 million.