JPMorgan Chase & Co. Cuts SentinelOne (NYSE:S) Price Target to $17.00

SentinelOne (NYSE:S) had its price objective trimmed by JPMorgan Chase & Co. from $19.00 to $17.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on S. DA Davidson reduced their price target on shares of SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday. Westpark Capital reissued a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a report on Friday, August 29th. Piper Sandler lowered their price target on SentinelOne from $28.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday. Oppenheimer dropped their price objective on SentinelOne from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Stock Down 14.3%

Shares of S opened at $14.55 on Friday. The business’s 50 day moving average price is $16.93 and its 200-day moving average price is $17.64. The stock has a market cap of $4.85 billion, a P/E ratio of -11.64 and a beta of 0.76. SentinelOne has a 52 week low of $14.48 and a 52 week high of $26.00.

SentinelOne (NYSE:S) last released its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $258.91 million for 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 quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) earnings per share. On average, equities analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Buying and Selling

In other news, insider Ric Smith sold 23,520 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $18.07, for a total value of $425,006.40. Following the completion of the sale, the insider directly owned 928,021 shares in the company, valued at $16,769,339.47. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction on Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the transaction, the chief financial officer owned 549,498 shares in the company, valued at $9,962,398.74. This trade represents a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 398,285 shares of company stock valued at $7,089,580 in the last 90 days. 4.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in S. Allworth Financial LP increased its holdings in SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of SentinelOne during the 3rd quarter valued at $26,000. Danske Bank A S bought a new position in SentinelOne in the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp purchased a new stake in SentinelOne in the 2nd quarter worth $29,000. Finally, MAI Capital Management raised its holdings in SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the period. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.