A better buy-in window may exist right now for SentinelOne Inc. (S)

SentinelOne Inc. (NYSE: S) stock fell -2.38% on Friday to $16.80 against a previous-day closing price of $17.21. With 13.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.67 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $17.21 whereas the lowest price it dropped to was $16.78. The 52-week range on S shows that it touched its highest point at $28.63 and its lowest point at $12.43 during that stretch. It currently has a 1-year price target of $19.30. Beta for the stock currently stands at 0.30.

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 down-trending over the past week, with a drop of -0.83%, but this was up by 14.21% over a month. Three-month performance surged to 0.90% while six-month performance rose 10.38%. The stock lost -40.02% in the past year, while it has gained 15.15% so far this year. A look at the trailing 12-month EPS for S yields -1.32 with Next year EPS estimates of 0.00. For the next quarter, that number is -0.08. This implies an EPS growth rate of -31.70% for this year and 100.00% for next year.

Float and Shares Shorts:

At present, 293.17 million S shares are outstanding with a float of 238.32 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.19 million, which was 5.81% higher than short shares on Jul 30, 2023. In addition to Mr. Tomer Weingarten as the firm’s Co-Founder, Chairman, Pres & CEO, Mr. David Bernhardt serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 72.12% of S’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.95% of S, in contrast to 30.77% held by mutual funds. Shares owned by individuals account for 3.30%. As the largest shareholder in S with 9.32% of the stake, The Vanguard Group, Inc. holds 22,222,436 shares worth 22,222,436. A second-largest stockholder of S, BlackRock Fund Advisors, holds 10,035,485 shares, controlling over 4.21% of the firm’s shares. Anchorage Capital Group LLC is the third largest shareholder in S, holding 9,867,053 shares or 4.14% stake. With a 2.95% stake in S, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 7,024,998 shares are owned by the mutual fund manager. The First Trust NASDAQ Cybersecurity, which owns about 2.86% of S stock, is the second-largest Mutual Fund holder. It holds 6,826,501 shares valued at 113.52 million. Legal & General UCITS ETF PLC – C holds 2.84% of the stake in S, owning 6,761,219 shares worth 112.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for S since 0 analysts follow the stock currently. 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 $23.00 and a low target of $15.00, the average target price over the next 12 months is $18.74. Based on these targets, S could surge 36.9% to reach the target high and fall by -10.71% to reach the target low. Reaching the average price target will result in a growth of 11.55% 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.

Summary of Insider Activity:

Insiders traded S stock several times over the past three months with 15 Buys and 12 Sells. In these transactions, 295,265 shares were bought while 206,024 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 74 over the past year. The total number of shares bought during that period was 4,189,046 while 2,299,449 shares were sold.