TD Cowen Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price cut by stock analysts at TD Cowen from $24.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 49.55% from the company’s previous close.

Several other research firms have also recently weighed in on S. Sanford C. Bernstein upped their price objective on shares of SentinelOne from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Citigroup reissued a “market outperform” rating on shares of SentinelOne in a research note on Friday. Berenberg Bank began coverage on shares of SentinelOne in a research report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price objective on the stock. Westpark Capital reaffirmed a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a report on Friday. Finally, Wells Fargo & Company upped their target price on shares of SentinelOne from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.53.

SentinelOne Stock Down 13.3%

NYSE:S traded down $2.26 during mid-day trading on Friday, hitting $14.71. 18,261,194 shares of the stock traded hands, compared to its average volume of 5,908,452. The business’s 50-day moving average price is $17.00 and its 200 day moving average price is $17.71. The company has a market cap of $4.91 billion, a PE ratio of -11.16 and a beta of 0.76. SentinelOne has a 12-month low of $14.48 and a 12-month high of $26.00.

SentinelOne (NYSE:S) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. Analysts anticipate that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Keenan Michael Conder sold 5,871 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.56, for a total transaction of $97,223.76. Following the completion of the sale, the insider directly owned 573,536 shares in the company, valued at $9,497,756.16. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Robin Tomasello sold 3,476 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.56, for a total value of $57,562.56. Following the transaction, the chief accounting officer owned 294,060 shares in the company, valued at approximately $4,869,633.60. The trade was a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 481,090 shares of company stock worth $8,637,206 in the last 90 days. 4.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in SentinelOne by 37.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock worth $56,758,000 after buying an additional 853,508 shares during the period. Teamwork Financial Advisors LLC purchased a new stake in SentinelOne in the second quarter worth $1,332,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in SentinelOne by 40.1% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock valued at $5,387,000 after acquiring an additional 84,308 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in SentinelOne during the 2nd quarter valued at $4,771,000. Finally, Strs Ohio purchased a new position in SentinelOne during the 1st quarter valued at $9,227,000. 90.87% of the stock is currently owned by institutional investors.

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.