Canaccord Genuity Group Cuts SentinelOne (NYSE:S) Price Target to $23.00

SentinelOne (NYSE:S) had its price target cut by Canaccord Genuity Group from $26.00 to $23.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently issued reports on S. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a research note on Tuesday, December 2nd. Wedbush reduced their price target on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Friday. Bank of America dropped their price objective on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group boosted their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Guggenheim reiterated a “buy” rating and set a $28.00 target price on shares of SentinelOne in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $22.43.

SentinelOne Trading Down 14.3%

Shares of SentinelOne stock opened at $14.55 on Friday. The company has a market capitalization of $4.85 billion, a PE ratio of -11.64 and a beta of 0.76. SentinelOne has a 12 month low of $14.48 and a 12 month high of $26.00. The stock’s fifty day simple moving average is $16.93 and its 200 day simple moving average is $17.64.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.25) earnings per share. Analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 162,794 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $18.38, for a total value of $2,992,153.72. Following the completion of the transaction, the chief executive officer owned 1,298,982 shares of the company’s stock, valued at approximately $23,875,289.16. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keenan Michael Conder sold 5,871 shares of SentinelOne stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total transaction of $97,223.76. Following the completion of the sale, the insider owned 573,536 shares in the company, valued at $9,497,756.16. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 398,285 shares of company stock valued at $7,089,580 in the last three months. 4.33% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rafferty Asset Management LLC boosted its position in SentinelOne by 2.5% during the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock valued at $470,000 after purchasing an additional 641 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of SentinelOne by 25.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after purchasing an additional 692 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after buying an additional 726 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its holdings in shares of SentinelOne by 1.7% in the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock valued at $840,000 after buying an additional 760 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its stake in shares of SentinelOne by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after buying an additional 768 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

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.