SentinelOne (NYSE:S) Price Target Cut to $16.00

SentinelOne (NYSE:S – Get Rating) had its price target lowered by stock analysts at Wells Fargo & Company from $18.00 to $16.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.12% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. started coverage on SentinelOne in a research report on Tuesday, January 24th. They issued an “overweight” rating and a $18.00 price objective on the stock. DA Davidson decreased their price objective on shares of SentinelOne from $40.00 to $22.00 in a report on Wednesday, December 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of SentinelOne in a research note on Monday. Wedbush lifted their price objective on SentinelOne from $19.00 to $22.00 in a research report on Wednesday. Finally, Canaccord Genuity Group started coverage on SentinelOne in a research report on Thursday, February 9th. They issued a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.83.

SentinelOne Price Performance

Shares of NYSE S opened at $15.22 on Wednesday. The stock has a market capitalization of $4.30 billion, a P/E ratio of -11.78 and a beta of 0.50. SentinelOne has a one year low of $12.69 and a one year high of $42.84. The firm’s 50 day simple moving average is $15.13 and its two-hundred day simple moving average is $18.61.

SentinelOne (NYSE:S – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. SentinelOne had a negative return on equity of 20.34% and a negative net margin of 98.61%. The firm had revenue of $126.10 million for the quarter, compared to the consensus estimate of $124.69 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. The company’s quarterly revenue was up 92.1% on a year-over-year basis. As a group, equities analysts expect that SentinelOne will post -1.52 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In related news, CFO David J. Bernhardt sold 3,861 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $15.40, for a total value of $59,459.40. Following the completion of the transaction, the chief financial officer now owns 94,876 shares of the company’s stock, valued at approximately $1,461,090.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other SentinelOne news, CFO David J. Bernhardt sold 3,861 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $15.40, for a total transaction of $59,459.40. Following the completion of the transaction, the chief financial officer now owns 94,876 shares in the company, valued at $1,461,090.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robin Tomasello sold 1,744 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $16.57, for a total transaction of $28,898.08. Following the completion of the sale, the chief accounting officer now owns 162,598 shares in the company, valued at $2,694,248.86. The disclosure for this sale can be found here. Insiders have sold 19,922 shares of company stock valued at $312,241 over the last 90 days. 7.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of SentinelOne by 6.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 27,110,040 shares of the company’s stock valued at $632,477,000 after buying an additional 1,751,920 shares during the period. Vanguard Group Inc. grew its position in SentinelOne by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,585,277 shares of the company’s stock valued at $449,480,000 after acquiring an additional 794,439 shares during the last quarter. BlackRock Inc. increased its stake in SentinelOne by 9.8% in the third quarter. BlackRock Inc. now owns 9,044,058 shares of the company’s stock worth $231,166,000 after purchasing an additional 804,196 shares during the period. First Trust Advisors LP lifted its position in shares of SentinelOne by 9.0% during the fourth quarter. First Trust Advisors LP now owns 6,826,216 shares of the company’s stock worth $99,452,000 after purchasing an additional 561,756 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of SentinelOne by 57.6% during the first quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock valued at $247,088,000 after purchasing an additional 2,331,873 shares during the period. Institutional investors own 79.18% of the company’s stock.

About SentinelOne

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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.