Citizens Jmp Cuts SentinelOne (NYSE:S) Price Target to $23.00

SentinelOne (NYSE:S) had its target price reduced by Citizens Jmp from $29.00 to $23.00 in a research report report published on Friday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Westpark Capital reissued a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a research note on Friday, August 29th. Scotiabank lifted their price target on shares of SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Friday, August 29th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 price objective on shares of SentinelOne in a research report on Friday. BTIG Research reaffirmed a “neutral” rating on shares of SentinelOne in a research note on Monday, August 25th. Finally, Needham & Company LLC decreased their target price on SentinelOne from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.43.

SentinelOne Stock Down 14.3%

NYSE:S opened at $14.55 on Friday. 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. The firm has a market capitalization of $4.85 billion, a P/E ratio of -11.64 and a beta of 0.76.

SentinelOne (NYSE:S) last released its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, equities research analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ric Smith sold 23,520 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total transaction of $425,006.40. Following the completion of the transaction, the insider directly owned 928,021 shares of the company’s stock, valued at $16,769,339.47. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tomer Weingarten sold 90,100 shares of SentinelOne stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.47, for a total transaction of $1,483,947.00. Following the completion of the sale, the chief executive officer owned 1,251,780 shares in the company, valued at $20,616,816.60. This trade represents a 6.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 398,285 shares of company stock worth $7,089,580 in the last 90 days. Company insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in SentinelOne by 27.2% in the 1st quarter. Cetera Investment Advisers now owns 49,575 shares of the company’s stock valued at $901,000 after buying an additional 10,616 shares during the last quarter. LPL Financial LLC increased its position in shares of SentinelOne by 2.3% in the first quarter. LPL Financial LLC now owns 130,558 shares of the company’s stock valued at $2,374,000 after acquiring an additional 2,892 shares during the last quarter. Vanguard Group Inc. raised its holdings in SentinelOne by 4.4% during the first quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock worth $567,214,000 after acquiring an additional 1,318,533 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in SentinelOne by 0.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,648,740 shares of the company’s stock valued at $48,154,000 after purchasing an additional 10,543 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in SentinelOne by 3.0% during the first quarter. Deutsche Bank AG now owns 900,381 shares of the company’s stock valued at $16,369,000 after purchasing an additional 26,528 shares during 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.