SentinelOne (NYSE:S) Price Target Cut to $34.00

SentinelOne (NYSE:S) had its target price reduced by Westpark Capital from $40.00 to $34.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on S. Morgan Stanley decreased their price target on SentinelOne from $29.00 to $25.00 and set an overweight rating for the company in a research note on Friday, May 31st. Loop Capital decreased their price target on SentinelOne from $30.00 to $25.00 and set a buy rating for the company in a research note on Friday, May 31st. JMP Securities reaffirmed a market outperform rating and set a $33.00 target price on shares of SentinelOne in a research report on Friday, May 31st. Sanford C. Bernstein lifted their target price on SentinelOne from $34.00 to $37.00 and gave the company an outperform rating in a research report on Thursday, March 14th. Finally, DA Davidson lifted their target price on SentinelOne from $17.00 to $18.50 and gave the company a neutral rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $24.86.

SentinelOne Trading Up 0.5 %

Shares of SentinelOne stock opened at $20.34 on Wednesday. SentinelOne has a one year low of $13.87 and a one year high of $30.76. The stock has a 50 day moving average price of $19.89 and a 200-day moving average price of $23.22.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business had revenue of $186.36 million for the quarter, compared to the consensus estimate of $181.11 million. During the same period in the prior year, the business posted ($0.35) earnings per share. SentinelOne’s revenue was up 39.7% on a year-over-year basis. Sell-side analysts expect that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $191,355.30. Following the transaction, the chief financial officer now directly owns 517,298 shares in the company, valued at approximately $8,949,255.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO David J. Bernhardt sold 11,061 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $191,355.30. Following the transaction, the chief financial officer now directly owns 517,298 shares in the company, valued at approximately $8,949,255.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Robin Tomasello sold 5,022 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total value of $86,880.60. Following the transaction, the chief accounting officer now owns 198,174 shares in the company, valued at $3,428,410.20. The disclosure for this sale can be found here. Insiders have sold a total of 503,271 shares of company stock worth $9,733,568 in the last ninety days. 5.60% of the stock is owned by insiders.

Institutional Trading of SentinelOne

Large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in SentinelOne during the 4th quarter valued at about $30,000. Sugarloaf Wealth Management LLC grew its stake in SentinelOne by 56.0% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 1,950 shares of the company’s stock valued at $41,000 after purchasing an additional 700 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of SentinelOne in the first quarter worth about $80,000. Advisors Asset Management Inc. boosted its stake in shares of SentinelOne by 19.3% in the first quarter. Advisors Asset Management Inc. now owns 4,590 shares of the company’s stock worth $107,000 after buying an additional 743 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of SentinelOne in the fourth quarter worth about $143,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.