Barclays Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target reduced by Barclays from $21.00 to $19.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently weighed in on S. Jefferies Financial Group dropped their price objective on shares of SentinelOne from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Scotiabank dropped their target price on SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Robert W. Baird dropped their price objective on SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of SentinelOne in a report on Thursday. Finally, Roth Capital set a $26.00 price target on shares of SentinelOne and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.77.

SentinelOne Trading Up 1.6%

NYSE:S opened at $17.66 on Thursday. The firm has a 50 day moving average of $18.50 and a 200-day moving average of $21.53. SentinelOne has a 1 year low of $15.36 and a 1 year high of $29.29. The stock has a market capitalization of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81.

SentinelOne (NYSE:S) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business had revenue of $229.03 million during the quarter, compared to analysts’ expectations of $228.39 million. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, analysts forecast that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity

In related news, CAO Robin Tomasello sold 1,496 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $29,575.92. Following the sale, the chief accounting officer now directly owns 233,484 shares of the company’s stock, valued at approximately $4,615,978.68. The trade was a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ric Smith sold 20,188 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $394,675.40. Following the completion of the sale, the insider now owns 508,930 shares in the company, valued at approximately $9,949,581.50. This trade represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,914 shares of company stock worth $7,830,519 in the last 90 days. Corporate insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP lifted its stake in SentinelOne by 715.4% in the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after acquiring an additional 4,206,900 shares in the last quarter. Norges Bank bought a new stake in shares of SentinelOne in the fourth quarter worth $73,528,000. Point72 Asset Management L.P. bought a new stake in shares of SentinelOne in the fourth quarter worth $63,120,000. Massachusetts Financial Services Co. MA lifted its position in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company’s stock worth $96,898,000 after purchasing an additional 2,558,702 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 worth $79,532,000 after purchasing an additional 2,483,136 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

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.