SentinelOne (NYSE:S) Reaches New 1-Year Low – Here’s Why

SentinelOne, Inc. (NYSE:S)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.42 and last traded at $14.4550, with a volume of 5362366 shares changing hands. The stock had previously closed at $15.04.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group upgraded SentinelOne from a “hold” rating to an “overweight” rating in a research note on Monday, January 5th. Berenberg Bank assumed coverage on SentinelOne in a report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price target for the company. Canaccord Genuity Group lowered their price objective on SentinelOne from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of SentinelOne in a report on Friday, December 5th. Finally, Bank of America decreased their target price on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.03.

SentinelOne Price Performance

The firm has a market capitalization of $4.97 billion, a PE ratio of -11.70 and a beta of 0.77. The company’s fifty day simple moving average is $15.63 and its 200-day simple moving average is $17.05.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The company had revenue of $258.91 million during the quarter, compared to analyst estimates of $256.19 million. During the same period in the previous year, the business earned ($0.25) EPS. SentinelOne’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, insider Ana G. Pinczuk sold 11,900 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $176,358.00. Following the completion of the sale, the insider owned 560,589 shares of the company’s stock, valued at approximately $8,307,928.98. This represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the sale, the chief accounting officer owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. The trade was a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 361,394 shares of company stock worth $5,558,207 in the last quarter. 4.33% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently made changes to their positions in S. Allworth Financial LP boosted its position in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares during the last quarter. Strategic Advocates LLC purchased a new position in SentinelOne during the third quarter worth about $26,000. Danske Bank A S acquired a new position in SentinelOne in the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne in the 2nd quarter valued at approximately $29,000. Finally, MAI Capital Management grew its stake in shares of SentinelOne by 121.2% in the 3rd quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after buying an additional 1,000 shares during the period. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.