SentinelOne (NYSE:S) Price Target Cut to $23.00 by Analysts at Canaccord Genuity Group

SentinelOne (NYSE:S) had its target price cut by equities research analysts at Canaccord Genuity Group from $26.00 to $23.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 57.44% from the company’s previous close.

S has been the topic of a number of other research reports. Jefferies Financial Group lifted their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Morgan Stanley dropped their price objective on shares of SentinelOne from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday. Wedbush reduced their target price on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Cowen reissued a “buy” rating on shares of SentinelOne in a research report on Friday. Finally, Citizens Jmp decreased their price objective on SentinelOne from $29.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $22.43.

SentinelOne Price Performance

Shares of S stock traded down $2.36 on Friday, hitting $14.61. The stock had a trading volume of 24,125,809 shares, compared to its average volume of 5,933,440. The company’s 50 day moving average price is $17.00 and its 200-day moving average price is $17.71. SentinelOne has a 1 year low of $14.48 and a 1 year high of $26.00. The firm has a market capitalization of $4.87 billion, a P/E ratio of -11.09 and a beta of 0.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.25) earnings per share. On average, equities analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 11,098 shares of SentinelOne stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $207,421.62. Following the sale, the insider directly owned 579,407 shares in the company, valued at $10,829,116.83. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Robin Tomasello sold 8,508 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.69, for a total transaction of $159,014.52. Following the completion of the sale, the chief accounting officer owned 297,536 shares in the company, valued at $5,560,947.84. The trade was a 2.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 481,090 shares of company stock valued at $8,637,206 in the last three months. 4.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in SentinelOne by 102.4% in the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares during the period. Strategic Advocates LLC acquired a new position in shares of SentinelOne during the third quarter valued at approximately $26,000. Danske Bank A S bought a new stake in SentinelOne during the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp bought a new position in SentinelOne during the 2nd quarter valued at $29,000. Finally, MAI Capital Management boosted its stake in SentinelOne by 121.2% during the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.