SentinelOne (NYSE:S) Price Target Lowered to $23.00 at Citizens Jmp

SentinelOne (NYSE:S) had its target price cut by equities research analysts at Citizens Jmp from $29.00 to $23.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 35.69% from the company’s previous close.

S has been the topic of a number of other research reports. New Street Research set a $23.00 target price on SentinelOne in a report on Friday, August 29th. Guggenheim reaffirmed a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. Robert W. Baird increased their target price on shares of SentinelOne from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. JMP Securities set a $23.00 target price on shares of SentinelOne in a research note on Friday. Finally, Westpark Capital reissued a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.00.

SentinelOne Stock Down 0.1%

S opened at $16.95 on Friday. The firm has a market capitalization of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76. The stock has a fifty day moving average of $17.00 and a 200-day moving average of $17.71. SentinelOne has a 12-month low of $15.17 and a 12-month high of $26.64.

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

Insider Activity

In other news, insider Keenan Michael Conder sold 5,871 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.56, for a total value of $97,223.76. Following the completion of the sale, the insider directly owned 573,536 shares of the company’s stock, valued at approximately $9,497,756.16. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 90,100 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $16.47, for a total transaction of $1,483,947.00. Following the transaction, the chief executive officer directly owned 1,251,780 shares in the company, valued at $20,616,816.60. This trade represents a 6.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 481,090 shares of company stock worth $8,637,206 over the last 90 days. Company insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently bought and sold shares of S. Norges Bank acquired a new stake in SentinelOne in the 2nd quarter worth $65,371,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of SentinelOne by 131.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,374,714 shares of the company’s stock valued at $79,532,000 after buying an additional 2,483,136 shares during the period. Cooper Creek Partners Management LLC bought a new stake in shares of SentinelOne in the third quarter valued at about $41,416,000. Vanguard Group Inc. grew its position in SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after buying an additional 2,191,321 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in SentinelOne by 92.6% during the second quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock valued at $77,264,000 after acquiring an additional 2,051,980 shares during the period. 90.87% of the stock is owned by institutional investors.

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.