JPMorgan Chase & Co. Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $19.00 to $17.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.13% from the company’s previous close.

S has been the topic of several other research reports. Cowen reaffirmed a “buy” rating on shares of SentinelOne in a research note on Friday. Oppenheimer restated an “outperform” rating and issued a $24.00 price objective on shares of SentinelOne in a report on Friday. 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 note on Friday, August 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of SentinelOne in a research report on Tuesday. Finally, BTIG Research reissued a “neutral” rating on shares of SentinelOne in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.55.

SentinelOne Stock Down 12.2%

Shares of SentinelOne stock traded down $2.08 during mid-day trading on Friday, hitting $14.90. The stock had a trading volume of 13,464,320 shares, compared to its average volume of 5,888,175. The firm has a 50-day moving average of $17.00 and a two-hundred day moving average of $17.71. The firm has a market cap of $4.97 billion, a P/E ratio of -11.39 and a beta of 0.76. SentinelOne has a 12-month low of $14.48 and a 12-month high of $26.00.

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

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 5,871 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total value of $97,223.76. Following the completion of the transaction, the insider owned 573,536 shares of the company’s stock, valued at approximately $9,497,756.16. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Barbara A. Larson sold 54,583 shares of SentinelOne stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.13, for a total transaction of $989,589.79. Following the completion of the transaction, the chief financial officer owned 549,498 shares of the company’s stock, valued at $9,962,398.74. This trade represents a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 481,090 shares of company stock valued at $8,637,206. Corporate insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of large investors have recently modified their holdings of S. Norges Bank acquired a new stake in shares of SentinelOne in the second quarter valued at $65,371,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SentinelOne by 131.3% during the 1st 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 during the period. Cooper Creek Partners Management LLC acquired a new stake in SentinelOne in the 3rd quarter valued at about $41,416,000. Vanguard Group Inc. raised its position in SentinelOne by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after purchasing an additional 2,191,321 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of SentinelOne by 92.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock valued at $77,264,000 after buying an additional 2,051,980 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.