SentinelOne (NYSE:S) Price Target Cut to $22.00 by Analysts at TD Cowen

SentinelOne (NYSE:S) had its target price cut by equities researchers at TD Cowen from $24.00 to $22.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 49.55% from the stock’s current price.

Several other research firms have also commented on S. Needham & Company LLC dropped their price objective on shares of SentinelOne from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of SentinelOne in a research report on Tuesday. Wedbush reduced their price objective on SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. UBS Group lifted their price objective on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Finally, JMP Securities set a $23.00 target price on SentinelOne in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.53.

SentinelOne Stock Performance

Shares of S traded down $2.26 on Friday, reaching $14.71. The stock had a trading volume of 18,261,194 shares, compared to its average volume of 5,908,452. SentinelOne has a 12-month low of $14.48 and a 12-month high of $26.00. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of -11.16 and a beta of 0.76. The company has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $17.71.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.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) earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 23,520 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $18.07, for a total transaction of $425,006.40. Following the transaction, the insider directly owned 928,021 shares of the company’s stock, valued at $16,769,339.47. This represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Robin Tomasello sold 3,476 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.56, for a total value of $57,562.56. Following the completion of the transaction, the chief accounting officer directly owned 294,060 shares in the company, valued at $4,869,633.60. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 481,090 shares of company stock worth $8,637,206. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $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 valued at $26,000. Danske Bank A S bought a new stake in SentinelOne during the third quarter valued at about $26,000. Atlantic Union Bankshares Corp purchased a new stake in SentinelOne in the second quarter worth about $29,000. Finally, MAI Capital Management raised its stake in shares of SentinelOne by 121.2% in the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares during the period. 90.87% of the stock is owned by hedge funds and other 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.