TD Cowen Cuts SentinelOne (NYSE:S) Price Target to $22.00

SentinelOne (NYSE:S) had its price target reduced by TD Cowen from $24.00 to $22.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on S. UBS Group lifted their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Cantor Fitzgerald lowered their price target on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, November 24th. DA Davidson reduced their price objective on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday. Needham & Company LLC decreased their price objective on SentinelOne from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Friday. Finally, Berenberg Bank started coverage on SentinelOne in a research note on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

SentinelOne Trading Down 14.3%

Shares of NYSE S opened at $14.55 on Friday. 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 twelve month low of $14.48 and a twelve month high of $26.00. The stock has a 50 day moving average of $16.93 and a two-hundred day moving average of $17.64.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, December 4th. The company reported $0.07 EPS 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 14.95%. The business had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. During the same period in the previous year, the company posted ($0.25) EPS. The company’s quarterly revenue was up 22.9% on a year-over-year basis. As a group, research analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 3,476 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $16.56, for a total transaction of $57,562.56. Following the sale, the chief accounting officer owned 294,060 shares in the company, valued at $4,869,633.60. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 398,285 shares of company stock valued at $7,089,580. 4.33% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in S. Cetera Investment Advisers boosted its holdings in SentinelOne by 27.2% during the first quarter. Cetera Investment Advisers now owns 49,575 shares of the company’s stock worth $901,000 after buying an additional 10,616 shares in the last quarter. LPL Financial LLC lifted its position in shares of SentinelOne by 2.3% during the 1st 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 period. Vanguard Group Inc. lifted its position in shares of SentinelOne by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company’s stock valued at $567,214,000 after acquiring an additional 1,318,533 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SentinelOne by 0.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,648,740 shares of the company’s stock worth $48,154,000 after acquiring an additional 10,543 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of SentinelOne by 3.0% in the 1st quarter. Deutsche Bank AG now owns 900,381 shares of the company’s stock worth $16,369,000 after acquiring an additional 26,528 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.