SentinelOne (NYSE:S) Price Target Lowered to $20.00 at Oppenheimer

SentinelOne (NYSE:S) had its target price cut by analysts at Oppenheimer from $24.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 52.42% from the stock’s current price.

Other research analysts have also issued reports about the company. Piper Sandler reaffirmed a “neutral” rating and set a $17.00 target price (down from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a research note on Friday, December 5th. Wedbush cut their price target on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. The Goldman Sachs Group dropped their price objective on shares of SentinelOne from $19.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, UBS Group lowered SentinelOne from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $21.40.

SentinelOne Trading Up 0.0%

Shares of NYSE:S traded up $0.00 during trading on Monday, reaching $13.12. The stock had a trading volume of 1,089,686 shares, compared to its average volume of 7,994,677. The firm’s 50-day simple moving average is $14.12 and its 200 day simple moving average is $16.00. SentinelOne has a one year low of $12.23 and a one year high of $21.40. The company has a market capitalization of $4.46 billion, a P/E ratio of -10.48 and a beta of 0.77.

SentinelOne (NYSE:S) last posted its earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. During the same quarter in the prior year, the company posted ($0.25) earnings per share. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities research analysts forecast that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In other news, insider Keenan Michael Conder sold 4,237 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $13.15, for a total transaction of $55,716.55. Following the sale, the insider owned 562,362 shares of the company’s stock, valued at $7,395,060.30. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 39,472 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $13.48, for a total transaction of $532,082.56. Following the completion of the transaction, the chief executive officer owned 1,083,073 shares of the company’s stock, valued at approximately $14,599,824.04. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 331,694 shares of company stock valued at $4,849,673. 4.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of S. Vanguard Group Inc. grew its stake in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock valued at $547,988,000 after acquiring an additional 520,142 shares during the period. First Trust Advisors LP increased its stake in shares of SentinelOne by 38.1% during the fourth quarter. First Trust Advisors LP now owns 13,146,797 shares of the company’s stock worth $197,202,000 after purchasing an additional 3,624,707 shares in the last quarter. Legal & General Group Plc increased its stake in shares of SentinelOne by 4.2% during the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock worth $128,278,000 after purchasing an additional 346,014 shares in the last quarter. AQR Capital Management LLC lifted its stake in SentinelOne by 93.4% in the 4th quarter. AQR Capital Management LLC now owns 8,212,127 shares of the company’s stock valued at $123,182,000 after buying an additional 3,965,519 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in SentinelOne by 2,275.2% in the 4th quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock worth $116,242,000 after buying an additional 7,423,177 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.