Wedbush Cuts SentinelOne (NYSE:S) Price Target to $20.00

SentinelOne (NYSE:S) had its price target reduced by Wedbush from $23.00 to $20.00 in a report published on Friday, MarketBeat reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald cut their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. Bank of America dropped their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley reaffirmed a “positive” rating on shares of SentinelOne in a research note on Tuesday, September 2nd. Jefferies Financial Group increased their price objective on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Guggenheim reissued a “buy” rating and set a $28.00 target price on shares of SentinelOne in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.43.

SentinelOne Stock Down 14.3%

Shares of SentinelOne stock opened at $14.55 on Friday. The stock has a market cap of $4.85 billion, a price-to-earnings 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 company’s fifty day moving average is $16.93 and its 200 day moving average is $17.64.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping 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 the consensus estimate of $256.19 million. During the same period in the previous year, the business earned ($0.25) EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 90,100 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,251,780 shares of the company’s stock, valued at approximately $20,616,816.60. This represents a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 3,476 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total value of $57,562.56. Following the completion of the sale, the chief accounting officer directly owned 294,060 shares of the company’s stock, valued at $4,869,633.60. This trade represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 398,285 shares of company stock worth $7,089,580 over the last 90 days. 4.33% of the stock is owned by company insiders.

Institutional Trading of SentinelOne

Several hedge funds have recently bought and sold shares of S. Allworth Financial LP increased its stake in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 726 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of SentinelOne by 42.4% during the third quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock valued at $239,000 after buying an additional 4,049 shares during the last quarter. Swiss Life Asset Management Ltd bought a new stake in shares of SentinelOne during the third quarter worth about $239,000. Strategic Advocates LLC acquired a new stake in shares of SentinelOne in the 3rd quarter worth about $26,000. Finally, Sunbelt Securities Inc. lifted its position in SentinelOne by 263.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,717 shares of the company’s stock valued at $277,000 after acquiring an additional 11,392 shares in the last quarter. Institutional investors and hedge funds 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.