Barclays Lowers SentinelOne (NYSE:S) Price Target to $28.00

SentinelOne (NYSE:SGet Rating) had its target price dropped by Barclays from $37.00 to $28.00 in a report issued on Monday, The Fly reports. Barclays‘s price objective would suggest a potential upside of 13.04% from the company’s current price.

Other analysts have also recently issued research reports about the stock. UBS Group decreased their price target on shares of SentinelOne from $75.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. StockNews.com upgraded shares of SentinelOne to a “sell” rating in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of SentinelOne from $63.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Cowen decreased their price target on shares of SentinelOne from $77.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Finally, Needham & Company LLC decreased their price target on shares of SentinelOne from $82.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, SentinelOne has a consensus rating of “Buy” and an average target price of $44.81.

Shares of SentinelOne stock opened at $24.77 on Monday. The firm has a fifty day moving average of $33.57. SentinelOne has a 12-month low of $18.64 and a 12-month high of $78.53.

SentinelOne (NYSE:SGet Rating) last issued its earnings results on Tuesday, March 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.01. SentinelOne had a negative net margin of 132.37% and a negative return on equity of 22.36%. The business had revenue of $65.60 million during the quarter, compared to analysts’ expectations of $60.69 million. During the same quarter in the prior year, the business posted ($1.00) EPS. The company’s revenue for the quarter was up 119.4% on a year-over-year basis. Sell-side analysts expect that SentinelOne will post -1.14 earnings per share for the current year.

In other news, insider Keenan Michael Conder sold 1,716 shares of the stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $37.50, for a total value of $64,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 10,131 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.61, for a total transaction of $289,847.91. Following the transaction, the chief executive officer now owns 309,163 shares of the company’s stock, valued at $8,845,153.43. The disclosure for this sale can be found here. Insiders sold a total of 1,576,545 shares of company stock valued at $55,009,239 in the last quarter. Insiders own 0.39% of the company’s stock.

A number of large investors have recently bought and sold shares of S. Ensign Peak Advisors Inc acquired a new stake in shares of SentinelOne during the 4th quarter worth about $16,106,000. Rathbones Group PLC acquired a new stake in shares of SentinelOne during the 4th quarter worth about $14,532,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of SentinelOne by 17.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,561 shares of the company’s stock worth $653,000 after purchasing an additional 1,869 shares during the last quarter. FourThought Financial LLC boosted its stake in shares of SentinelOne by 107.2% during the 4th quarter. FourThought Financial LLC now owns 2,901 shares of the company’s stock worth $146,000 after purchasing an additional 1,501 shares during the last quarter. Finally, Foster Dykema Cabot & Co. Inc. MA acquired a new stake in shares of SentinelOne during the 4th quarter worth about $229,000. Hedge funds and other institutional investors own 69.51% of the company’s stock.

About SentinelOne (Get Rating)

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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