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

SentinelOne (NYSE:S) had its price target decreased by analysts at JPMorgan Chase & Co. from $19.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 14.13% from the stock’s previous close.

A number of other equities analysts have also commented on S. Bank of America dropped their price target on SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday. Wedbush lowered their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Piper Sandler restated an “overweight” rating and set a $20.00 target price on shares of SentinelOne in a research report on Friday. UBS Group boosted their target price 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. Finally, Wells Fargo & Company boosted their price target on SentinelOne from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.55.

SentinelOne Trading Down 12.2%

S traded down $2.08 during trading on Friday, hitting $14.90. 13,464,320 shares of the company traded hands, compared to its average volume of 5,888,175. The company has a market cap of $4.97 billion, a PE ratio of -11.39 and a beta of 0.76. The stock’s 50-day simple moving average is $17.00 and its two-hundred day simple moving average is $17.71. SentinelOne has a 1 year low of $14.48 and a 1 year high of $26.00.

SentinelOne (NYSE:S) last announced its quarterly 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 net margin of 47.32% and a negative return on equity of 16.24%. The business had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. During the same quarter in the previous year, the company earned ($0.25) EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. Equities analysts expect that SentinelOne will post -0.76 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 90,100 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $16.47, for a total value of $1,483,947.00. Following the sale, the chief executive officer directly owned 1,251,780 shares in the company, valued at approximately $20,616,816.60. This trade represents a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ric Smith sold 23,520 shares of SentinelOne stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 in the company, valued at approximately $16,769,339.47. The trade was a 2.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares during the last quarter. Danske Bank A S purchased a new position in SentinelOne during the third quarter worth approximately $26,000. Strategic Advocates LLC purchased a new position in SentinelOne during the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in SentinelOne during the second quarter worth $29,000. Finally, MAI Capital Management grew its holdings in SentinelOne by 121.2% in the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after buying an additional 1,000 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.