SentinelOne Inc. (NYSE: S) stock jumped 3.06% on Monday to $14.82 against a previous-day closing price of $14.38. With 4.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.54 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $14.94 whereas the lowest price it dropped to was $13.98. The 52-week range on S shows that it touched its highest point at $48.46 and its lowest point at $12.69 during that stretch. It currently has a 1-year price target of $21.98.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of S was up-trending over the past week, with a rise of 3.49%, but this was up by 8.41% over a month. Three-month performance dropped to -34.66% while six-month performance fell -42.02%. The stock lost -64.58% in the past year, while it has gained 1.58% so far this year. A look at the trailing 12-month EPS for S yields -1.30 with Next year EPS estimates of -0.50. For the next quarter, that number is -0.16. This implies an EPS growth rate of -118.60% for this year and 31.50% for next year.
Float and Shares Shorts:
At present, 280.63 million S shares are outstanding with a float of 210.95 million shares on hand for trading. On Oct 13, 2022, short shares totaled 12.4 million, which was 4.41% higher than short shares on Sep 14, 2022. In addition to Mr. Tomer Weingarten as the firm’s Co-Founder, Chairman, Pres & CEO, Mr. Richard Smith Jr. serves as its Chief Technology Officer.
Through their ownership of 71.43% of S’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.73% of S, in contrast to 29.20% held by mutual funds. Shares owned by individuals account for 2.77%. As the largest shareholder in S with 8.13% of the stake, The Vanguard Group, Inc. holds 17,469,838 shares worth 17,469,838. A second-largest stockholder of S, T. Rowe Price Associates, Inc., holds 14,660,277 shares, controlling over 6.82% of the firm’s shares. Anchorage Capital Group LLC is the third largest shareholder in S, holding 9,867,053 shares or 4.59% stake. With a 3.98% stake in S, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 8,545,557 shares are owned by the mutual fund manager. The T Rowe Price Growth Stock Fund, which owns about 3.27% of S stock, is the second-largest Mutual Fund holder. It holds 7,027,617 shares valued at 102.53 million. First Trust NASDAQ Cybersecurity holds 2.81% of the stake in S, owning 6,032,008 shares worth 88.01 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for S since 24 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With S analysts setting a high price target of $36.00 and a low target of $13.00, the average target price over the next 12 months is $20.02. Based on these targets, S could surge 142.91% to reach the target high and fall by -12.28% to reach the target low. Reaching the average price target will result in a growth of 35.09% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. S will report FY 2023 earnings on 03/15/2023. Analysts have provided yearly estimates in a range of -$0.62 being high and -$0.86 being low. For S, this leads to a yearly average estimate of -$0.73. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SentinelOne Inc. surprised analysts by $0.06 when it reported -$0.16 EPS against a consensus estimate of -$0.22. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.13 and the low estimate is -$0.20. The average estimate for the next quarter is thus -$0.16.
Summary of Insider Activity:
Insiders traded S stock several times over the past three months with 7 Buys and 14 Sells. In these transactions, 1,175,364 shares were bought while 1,236,874 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 74 over the past year. The total number of shares bought during that period was 6,229,507 while 6,610,059 shares were sold.