SentinelOne (NYSE:S) Hits New 52-Week Low Following Analyst Downgrade

Shares of SentinelOne, Inc. (NYSE:S) hit a new 52-week low during trading on Friday after Canaccord Genuity Group lowered their price target on the stock from $26.00 to $23.00. Canaccord Genuity Group currently has a buy rating on the stock. SentinelOne traded as low as $14.48 and last traded at $14.86, with a volume of 6309580 shares. The stock had previously closed at $16.97.

S has been the topic of a number of other research reports. Needham & Company LLC decreased their target price on shares of SentinelOne from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $24.00 target price on shares of SentinelOne in a report on Friday. Barclays decreased their price objective on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Piper Sandler decreased their price target on SentinelOne from $28.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Cowen reissued a “buy” rating on shares of SentinelOne in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.43.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 90,100 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.47, for a total transaction of $1,483,947.00. Following the completion of the transaction, the chief executive officer directly owned 1,251,780 shares in the company, valued at $20,616,816.60. This trade represents a 6.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 3,476 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total transaction of $57,562.56. Following the completion of the transaction, the chief accounting officer owned 294,060 shares in the company, valued at $4,869,633.60. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

A number of institutional investors have recently added to or reduced their stakes in S. Vanguard Group Inc. lifted its stake in shares of SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after purchasing an additional 2,191,321 shares in the last quarter. Sylebra Capital LLC grew its position in SentinelOne by 10.0% in the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock valued at $192,218,000 after acquiring an additional 959,771 shares in the last quarter. First Trust Advisors LP raised its stake in shares of SentinelOne by 20.0% during the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after purchasing an additional 1,589,845 shares during the period. Legal & General Group Plc lifted its position in shares of SentinelOne by 16.0% during the third quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock worth $144,505,000 after purchasing an additional 1,132,121 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of SentinelOne by 2.9% in the first quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock valued at $146,841,000 after purchasing an additional 229,230 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Stock Performance

The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -11.64 and a beta of 0.76. The stock’s fifty day moving average is $16.93 and its two-hundred day moving average is $17.65.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. During the same period in the prior year, the company posted ($0.25) EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts anticipate that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

About SentinelOne

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.