SentinelOne (NYSE:S) Sets New 12-Month Low Following Analyst Downgrade

SentinelOne, Inc. (NYSE:S)’s share price hit a new 52-week low during mid-day trading on Friday after Wedbush lowered their price target on the stock from $23.00 to $20.00. Wedbush currently has an outperform rating on the stock. SentinelOne traded as low as $14.48 and last traded at $14.86, with a volume of 6309580 shares. The stock had previously closed at $16.97.

S has been the topic of several other reports. Morgan Stanley reiterated a “positive” rating on shares of SentinelOne in a research report on Tuesday, September 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of SentinelOne in a research note on Tuesday. New Street Research set a $23.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Jefferies Financial Group boosted their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Robert W. Baird raised their target price on shares of SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne has an average rating of “Moderate Buy” and a consensus price target of $22.62.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 90,100 shares of the 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 completion of the transaction, the chief executive officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction on Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the transaction, the chief financial officer directly owned 549,498 shares of the company’s stock, valued at $9,962,398.74. The trade was a 9.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is currently owned by corporate insiders.

Institutional Trading of SentinelOne

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rafferty Asset Management LLC grew its holdings in shares of SentinelOne by 2.5% in the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock worth $470,000 after purchasing an additional 641 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in SentinelOne by 25.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock valued at $63,000 after buying an additional 692 shares during the period. Allworth Financial LP grew its stake 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. Mission Creek Capital Partners Inc. lifted its position in shares of SentinelOne by 1.7% in the 2nd quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock worth $840,000 after purchasing an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC boosted its stake in shares of SentinelOne by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after purchasing an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

The company has a market capitalization of $4.97 billion, a PE ratio of -11.24 and a beta of 0.76. The company’s fifty day moving average is $17.00 and its 200-day moving average is $17.71.

SentinelOne (NYSE:S) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $258.91 million for the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.The business’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business posted ($0.25) EPS. Equities research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.