Oppenheimer Lowers SentinelOne (NYSE:S) Price Target to $20.00

SentinelOne (NYSE:S) had its target price dropped by research analysts at Oppenheimer from $24.00 to $20.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 52.42% from the company’s previous close.

Other analysts have also recently issued reports about the company. Westpark Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. DA Davidson cut their price target on SentinelOne from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $24.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. Barclays cut their target price on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.40.

SentinelOne Price Performance

S stock traded up $0.00 during trading hours on Monday, reaching $13.12. The stock had a trading volume of 1,089,686 shares, compared to its average volume of 7,994,677. The stock has a 50-day simple moving average of $14.12 and a 200 day simple moving average of $16.00. SentinelOne has a fifty-two week low of $12.23 and a fifty-two week high of $21.40. The stock has a market capitalization of $4.46 billion, a PE ratio of -10.48 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. During the same period in the prior year, the firm earned ($0.25) EPS. SentinelOne’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, sell-side analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 8,509 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Peek acquired 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $14.89 per share, with a total value of $595,600.00. Following the acquisition, the director directly owned 120,000 shares of the company’s stock, valued at $1,786,800. The trade was a 50.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 331,694 shares of company stock worth $4,849,673. Company insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock valued at $547,988,000 after purchasing an additional 520,142 shares in the last quarter. First Trust Advisors LP raised its stake in SentinelOne by 38.1% in the fourth quarter. First Trust Advisors LP now owns 13,146,797 shares of the company’s stock worth $197,202,000 after buying an additional 3,624,707 shares in the last quarter. Legal & General Group Plc raised its stake in SentinelOne by 4.2% in the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock worth $128,278,000 after buying an additional 346,014 shares in the last quarter. AQR Capital Management LLC lifted its holdings in SentinelOne by 93.4% during the fourth quarter. AQR Capital Management LLC now owns 8,212,127 shares of the company’s stock worth $123,182,000 after buying an additional 3,965,519 shares during the period. Finally, Caprock Group LLC boosted its position in SentinelOne by 2,275.2% during the 4th quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock valued at $116,242,000 after acquiring an additional 7,423,177 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.