SentinelOne (NYSE:S) PT Lowered to $32.00 at Sanford C. Bernstein

SentinelOne (NYSE:S) had its price objective reduced by analysts at Sanford C. Bernstein from $37.00 to $32.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price points to a potential upside of 29.27% from the company’s previous close.

A number of other equities research analysts also recently weighed in on S. Bank of America cut their target price on SentinelOne from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Citigroup cut their price objective on SentinelOne from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. BTIG Research cut their price objective on SentinelOne from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Baird R W upgraded SentinelOne to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Westpark Capital reiterated a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.94.

SentinelOne Price Performance

Shares of S stock opened at $24.76 on Wednesday. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -24.27 and a beta of 0.66. The business has a 50 day simple moving average of $21.58 and a 200 day simple moving average of $22.37.

SentinelOne (NYSE:S) last released its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative return on equity of 16.48% and a negative net margin of 44.79%. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.35) earnings per share. On average, equities analysts anticipate that SentinelOne will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the transaction, the insider now directly owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $23.54, for a total transaction of $343,283.82. Following the transaction, the insider now directly owns 639,834 shares of the company’s stock, valued at $15,061,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Robin Tomasello sold 5,022 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $17.30, for a total transaction of $86,880.60. Following the transaction, the chief accounting officer now directly 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 610,851 shares of company stock valued at $12,036,747 over the last three months. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC grew its position in shares of SentinelOne by 0.8% in the second quarter. Clearbridge Investments LLC now owns 2,630,615 shares of the company’s stock valued at $55,374,000 after purchasing an additional 20,600 shares during the last quarter. Truist Financial Corp grew its position in shares of SentinelOne by 17.4% in the second quarter. Truist Financial Corp now owns 27,754 shares of the company’s stock valued at $584,000 after purchasing an additional 4,110 shares during the last quarter. Sylebra Capital LLC lifted its stake in shares of SentinelOne by 10.5% in the second quarter. Sylebra Capital LLC now owns 6,765,974 shares of the company’s stock valued at $142,424,000 after buying an additional 643,097 shares during the period. Creative Planning lifted its stake in shares of SentinelOne by 62.8% in the second quarter. Creative Planning now owns 29,758 shares of the company’s stock valued at $626,000 after buying an additional 11,478 shares during the period. Finally, Straight Path Wealth Management lifted its stake in shares of SentinelOne by 4.9% in the second quarter. Straight Path Wealth Management now owns 21,500 shares of the company’s stock valued at $453,000 after buying an additional 1,000 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Company Profile

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.