SentinelOne (NYSE:S) Downgraded by FBN Securities to Sector Perform

FBN Securities lowered shares of SentinelOne (NYSE:S) from an outperform rating to a sector perform rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has $24.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. TD Cowen increased their price target on shares of SentinelOne from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price objective on shares of SentinelOne in a research report on Friday, August 28th. Piper Sandler upped their target price on SentinelOne from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Stephens reiterated an “overweight” rating and set a $26.00 target price on shares of SentinelOne in a report on Friday, August 28th. Finally, Needham & Company LLC increased their target price on SentinelOne from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

SentinelOne Stock Up 1.6%

NYSE:S opened at $25.84 on Tuesday. The firm’s fifty day simple moving average is $21.85 and its 200 day simple moving average is $17.98. The stock has a market cap of $8.99 billion, a P/E ratio of -25.58 and a beta of 0.70. SentinelOne has a twelve month low of $11.81 and a twelve month high of $26.34.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same period in the prior year, the business earned ($0.22) EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, analysts expect that SentinelOne will post -0.46 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other news, insider Ana G. Pinczuk sold 16,042 shares of SentinelOne stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $25.33, for a total value of $406,343.86. Following the completion of the transaction, the insider owned 721,674 shares of the company’s stock, valued at $18,280,002.42. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 13,311 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $19.95, for a total transaction of $265,554.45. Following the completion of the transaction, the chief accounting officer owned 405,112 shares in the company, valued at approximately $8,081,984.40. The trade was a 3.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 915,183 shares of company stock valued at $21,151,124. 4.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in SentinelOne in the 2nd quarter worth about $59,607,000. Wellington Management Group LLP raised its position in SentinelOne by 216.0% in the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock worth $85,110,000 after buying an additional 3,428,192 shares during the last quarter. Kettle Hill Capital Management LLC bought a new position in SentinelOne during the 4th quarter valued at about $25,746,000. Segall Bryant & Hamill LLC bought a new position in SentinelOne during the 1st quarter valued at about $17,434,000. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of SentinelOne by 285.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,415,373 shares of the company’s stock valued at $21,231,000 after acquiring an additional 1,047,816 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SentinelOne

Here are the key news stories impacting SentinelOne this week:

• Positive Sentiment: TD Cowen raised its price target for SentinelOne, helping support investor confidence in the cybersecurity company’s growth outlook. SentinelOne stock gained 1.58 percent after TD Cowen raised its target
• Neutral Sentiment: SentinelOne CEO Tomer Weingarten sold 527,368 shares worth approximately $13.3 million under a pre-arranged Rule 10b5-1 trading plan. While the sale reduced his holdings by 23.5%, the planned nature of the transaction makes it a less direct signal of deteriorating business prospects. CEO Form 4 filing
• Neutral Sentiment: COO Barry Padgett sold 15,460 shares, and insider Ana Pinczuk sold 16,042 shares. Both transactions were intended to cover tax-withholding obligations tied to vested equity awards, reducing their negative interpretive value. COO Form 4 filing
• Negative Sentiment: FBN Securities downgraded SentinelOne from “outperform” to “sector perform” and assigned a $24 price target, implying roughly 7% downside from the cited trading level. The downgrade suggests valuation or near-term growth concerns after the stock’s strong advance.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.