SentinelOne (NYSE:S) Downgraded to Hold Rating by Piper Sandler

Piper Sandler cut shares of SentinelOne (NYSE:S) from a strong-buy rating to a hold rating in a research note issued to investors on Sunday morning,Zacks.com reports.

S has been the subject of several other reports. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective on shares of SentinelOne in a research report on Friday, December 12th. JMP Securities set a $23.00 price target on shares of SentinelOne in a research report on Friday, December 5th. DA Davidson decreased their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a research note on Monday, December 29th. Finally, Westpark Capital reissued a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, December 5th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

SentinelOne Trading Up 1.3%

Shares of S stock opened at $14.83 on Friday. SentinelOne has a 1-year low of $14.43 and a 1-year high of $25.24. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -11.87 and a beta of 0.77. The stock has a 50-day moving average of $15.85 and a 200-day moving average of $17.14.

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. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The business had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. During the same period in the prior year, the business posted ($0.25) earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis. Sell-side analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer owned 285,551 shares in the company, valued at approximately $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.09, for a total value of $1,892,723.61. Following the sale, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at approximately $16,494,999.72. This represents a 10.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 280,380 shares of company stock valued at $4,340,705 in the last 90 days. Corporate insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors have recently bought and sold shares of the stock. Woodline Partners LP purchased a new position in SentinelOne during the 1st quarter worth $382,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in SentinelOne by 131.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock worth $79,532,000 after purchasing an additional 2,483,136 shares during the last quarter. Focus Partners Wealth bought a new stake in SentinelOne in the 1st quarter worth about $346,000. Strs Ohio purchased a new stake in SentinelOne in the 1st quarter valued at about $9,227,000. Finally, Rhumbline Advisers lifted its position in shares of SentinelOne by 5.7% during the 1st quarter. Rhumbline Advisers now owns 332,102 shares of the company’s stock worth $6,038,000 after buying an additional 18,053 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.