SentinelOne (NYSE:S) Sets New 52-Week Low – Time to Sell?

Shares of SentinelOne, Inc. (NYSE:S) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.27 and last traded at $13.2550, with a volume of 4633853 shares trading hands. The stock had previously closed at $14.39.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson dropped their target price on SentinelOne from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Cantor Fitzgerald decreased their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, November 24th. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of SentinelOne in a research note on Friday, December 12th. Canaccord Genuity Group reduced their target price on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. Finally, Bank of America decreased their price target on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and a consensus target price of $21.72.

SentinelOne Stock Performance

The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -10.36 and a beta of 0.77. The company has a 50-day moving average price of $14.79 and a 200-day moving average price of $16.57.

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. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the prior year, the company posted ($0.25) earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, research analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In other news, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the sale, the insider owned 560,589 shares in the company, valued at approximately $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 125,429 shares of SentinelOne stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the transaction, the chief executive officer directly owned 1,093,108 shares in the company, valued at approximately $16,494,999.72. This trade represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 261,947 shares of company stock valued at $3,919,474. Corporate insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in SentinelOne by 37.9% during the second 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 in the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of SentinelOne by 22.3% during the third quarter. Stephens Investment Management Group LLC now owns 2,399,643 shares of the company’s stock valued at $42,258,000 after acquiring an additional 437,724 shares during the last quarter. M & L Capital Management Ltd acquired a new stake in shares of SentinelOne during the third quarter valued at $1,338,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in SentinelOne by 40.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock worth $5,387,000 after purchasing an additional 84,308 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in SentinelOne in the 2nd quarter valued at about $4,771,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.