SentinelOne, Inc. (NYSE:S – Get Free Report)’s stock price fell 2.6% during trading on Wednesday after Citigroup lowered their price target on the stock from $25.00 to $20.00. Citigroup currently has a neutral rating on the stock. SentinelOne traded as low as $16.74 and last traded at $16.76. 639,062 shares were traded during trading, a decline of 88% from the average session volume of 5,474,685 shares. The stock had previously closed at $17.21.
Several other research analysts have also recently weighed in on S. JMP Securities restated a “market outperform” rating and set a $33.00 target price on shares of SentinelOne in a report on Friday, May 31st. Susquehanna lowered their target price on SentinelOne from $35.00 to $22.00 and set a “positive” rating on the stock in a report on Friday, May 31st. Scotiabank lowered their target price on SentinelOne from $25.00 to $18.00 and set a “sector perform” rating on the stock in a report on Monday. Morgan Stanley lowered their target price on SentinelOne from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Finally, Wells Fargo & Company lowered their target price on SentinelOne from $26.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.08.
Insider Activity at SentinelOne
In other news, CFO David J. Bernhardt sold 11,221 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $22.76, for a total transaction of $255,389.96. Following the completion of the sale, the chief financial officer now directly owns 535,011 shares in the company, valued at $12,176,850.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO David J. Bernhardt sold 11,221 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $22.76, for a total transaction of $255,389.96. Following the completion of the sale, the chief financial officer now directly owns 535,011 shares in the company, valued at $12,176,850.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 8,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $23.10, for a total value of $197,874.60. Following the sale, the insider now owns 5,025 shares of the company’s stock, valued at $116,077.50. The disclosure for this sale can be found here. In the last three months, insiders sold 284,928 shares of company stock worth $6,205,007. Corporate insiders own 5.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in SentinelOne by 2.0% in the third quarter. Vanguard Group Inc. now owns 22,982,235 shares of the company’s stock worth $387,480,000 after buying an additional 442,593 shares during the last quarter. Caprock Group LLC boosted its stake in shares of SentinelOne by 96.5% during the 4th quarter. Caprock Group LLC now owns 193,891 shares of the company’s stock valued at $5,320,000 after buying an additional 95,206 shares during the period. Legato Capital Management LLC boosted its stake in shares of SentinelOne by 79.7% during the 4th quarter. Legato Capital Management LLC now owns 27,976 shares of the company’s stock valued at $768,000 after buying an additional 12,407 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SentinelOne by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,876,335 shares of the company’s stock valued at $78,931,000 after buying an additional 409,454 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of SentinelOne by 29.1% during the 3rd quarter. Stifel Financial Corp now owns 329,951 shares of the company’s stock valued at $5,563,000 after buying an additional 74,378 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.
SentinelOne Stock Performance
The business’s 50 day simple moving average is $21.40 and its 200-day simple moving average is $23.90. The company has a market cap of $5.38 billion, a price-to-earnings ratio of -16.95 and a beta of 0.59.
SentinelOne (NYSE:S – Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The business had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.48%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) EPS. Research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.
SentinelOne Company Profile
SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization’s endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.