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

SentinelOne (NYSE:SGet Rating) had its price objective cut by Citigroup from $30.00 to $28.00 in a report released on Friday, The Fly reports.

Several other equities analysts have also recently commented on S. Cowen reiterated a buy rating and set a $45.00 target price on shares of SentinelOne in a research note on Thursday, June 2nd. Wells Fargo & Company cut their target price on shares of SentinelOne from $38.00 to $30.00 and set a na rating for the company in a research note on Monday, May 16th. UBS Group cut their target price on shares of SentinelOne to $39.00 in a research note on Friday, June 3rd. Barclays upped their target price on shares of SentinelOne from $28.00 to $29.00 and gave the company an equal weight rating in a research note on Thursday, June 2nd. Finally, JMP Securities cut their target price on shares of SentinelOne from $65.00 to $42.00 and set a market outperform rating for the company in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, SentinelOne currently has an average rating of Moderate Buy and a consensus price target of $38.59.

SentinelOne Trading Down 3.5 %

Shares of SentinelOne stock opened at $25.56 on Friday. The firm has a fifty day simple moving average of $24.20 and a 200-day simple moving average of $33.18. SentinelOne has a 1-year low of $18.64 and a 1-year high of $78.53. The stock has a market capitalization of $7.13 billion and a price-to-earnings ratio of -17.87.

SentinelOne (NYSE:SGet Rating) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. SentinelOne had a negative net margin of 121.43% and a negative return on equity of 17.75%. The business had revenue of $78.30 million during the quarter, compared to analysts’ expectations of $74.64 million. SentinelOne’s revenue was up 109.4% compared to the same quarter last year. As a group, research analysts predict that SentinelOne will post -1.24 earnings per share for the current year.

Insider Transactions at SentinelOne

In other news, major shareholder Daniel S. Loeb sold 1,150,959 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $22.30, for a total value of $25,666,385.70. Following the sale, the insider now owns 1,309,939 shares of the company’s stock, valued at approximately $29,211,639.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other SentinelOne news, insider Keenan Michael Conder sold 1,724 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $24.21, for a total transaction of $41,738.04. Following the sale, the insider now owns 159,823 shares of the company’s stock, valued at approximately $3,869,314.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Daniel S. Loeb sold 1,150,959 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $22.30, for a total transaction of $25,666,385.70. Following the sale, the insider now directly owns 1,309,939 shares in the company, valued at approximately $29,211,639.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,169,255 shares of company stock valued at $46,842,249. 7.48% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently added to or reduced their stakes in S. Evoke Wealth LLC bought a new stake in SentinelOne during the 4th quarter worth about $29,000. KRS Capital Management LLC bought a new position in shares of SentinelOne in the 4th quarter valued at about $35,000. Winch Advisory Services LLC boosted its stake in shares of SentinelOne by 383.0% in the 1st quarter. Winch Advisory Services LLC now owns 937 shares of the company’s stock valued at $36,000 after purchasing an additional 743 shares during the last quarter. Islay Capital Management LLC boosted its stake in shares of SentinelOne by 81.8% in the 1st quarter. Islay Capital Management LLC now owns 1,000 shares of the company’s stock valued at $39,000 after purchasing an additional 450 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of SentinelOne in the 1st quarter valued at about $43,000. Institutional investors own 69.51% of the company’s stock.

SentinelOne Company Profile

(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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