Wedbush Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target reduced by equities researchers at Wedbush from $23.00 to $20.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 17.99% from the company’s previous close.

S has been the topic of a number of other reports. Barclays reduced their price objective on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. New Street Research set a $23.00 price target on shares of SentinelOne in a research report on Friday, August 29th. JMP Securities set a $23.00 price target on SentinelOne in a report on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $24.00 price objective on shares of SentinelOne in a research report on Friday. Finally, Citigroup restated a “market outperform” rating on shares of SentinelOne in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.00.

SentinelOne Price Performance

Shares of S opened at $16.95 on Friday. SentinelOne has a 1 year low of $15.17 and a 1 year high of $26.64. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of -12.84 and a beta of 0.76. The business has a 50-day moving average of $17.00 and a 200-day moving average of $17.71.

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

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 5,871 shares of SentinelOne stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total value of $97,223.76. Following the completion of the sale, the insider owned 573,536 shares of the company’s stock, valued at approximately $9,497,756.16. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Robin Tomasello sold 3,476 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total transaction of $57,562.56. Following the sale, the chief accounting officer 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 481,090 shares of company stock valued at $8,637,206. Company insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of SentinelOne during the second quarter worth about $65,371,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in SentinelOne by 131.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after acquiring an additional 2,483,136 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new position in SentinelOne during the 3rd quarter valued at about $41,416,000. Vanguard Group Inc. boosted its stake in SentinelOne by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after purchasing an additional 2,191,321 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in SentinelOne by 92.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after purchasing an additional 2,051,980 shares in the last quarter. 90.87% of the stock is owned by institutional investors.

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.