SentinelOne (NYSE:S) Price Target Cut to $22.00 by Analysts at TD Cowen

SentinelOne (NYSE:S) had its price target trimmed by TD Cowen from $24.00 to $22.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

S has been the subject of several other research reports. DA Davidson lowered 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. Wells Fargo & Company boosted their target price on shares of SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. JMP Securities set a $23.00 price target on shares of SentinelOne in a research report on Friday. Berenberg Bank assumed coverage on shares of SentinelOne in a research note on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. Finally, UBS Group boosted their price objective on shares of SentinelOne from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One equities 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 company. Based on data from MarketBeat.com, SentinelOne presently 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 twelve month low of $14.48 and a twelve month high of $26.00. The company has a market cap of $4.85 billion, a price-to-earnings ratio of -11.64 and a beta of 0.76. The business’s fifty day moving average is $16.93 and its 200 day moving average is $17.67.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business 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 14.89% and a negative net margin of 43.04%.The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.25) EPS. On average, research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CFO Barbara A. Larson sold 54,583 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the completion of the sale, the chief financial officer directly owned 549,498 shares in the company, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 90,100 shares of SentinelOne stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.47, for a total value of $1,483,947.00. Following the completion of 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 trade represents a 6.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 481,090 shares of company stock worth $8,637,206. Corporate insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in SentinelOne by 6.5% in the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after purchasing an additional 2,191,321 shares during the period. Sylebra Capital LLC boosted its position in shares of SentinelOne by 10.0% during the 1st quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company’s stock worth $192,218,000 after purchasing an additional 959,771 shares in the last quarter. First Trust Advisors LP increased its position in SentinelOne by 20.0% in the 2nd quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after buying an additional 1,589,845 shares in the last quarter. Legal & General Group Plc increased its position in SentinelOne by 16.0% in the 3rd quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock valued at $144,505,000 after buying an additional 1,132,121 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in SentinelOne by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 8,077,074 shares of the company’s stock worth $146,841,000 after buying an additional 229,230 shares during the period. 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.