SentinelOne (NYSE:S) Price Target Cut to $23.00 by Analysts at BTIG Research

SentinelOne (NYSE:SFree Report) had its target price lowered by BTIG Research from $30.00 to $23.00 in a report issued on Friday morning, Benzinga reports. BTIG Research currently has a buy rating on the stock.

Several other research analysts have also weighed in on S. Loop Capital increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, March 14th. JMP Securities reiterated a market outperform rating and issued a $33.00 target price on shares of SentinelOne in a report on Monday, April 1st. Guggenheim upped their price target on SentinelOne from $26.00 to $32.00 and gave the stock a buy rating in a research note on Wednesday, February 21st. Morgan Stanley dropped their price objective on SentinelOne from $29.00 to $25.00 and set an overweight rating for the company in a research note on Friday. Finally, Wells Fargo & Company increased their target price on SentinelOne from $22.00 to $28.00 and gave the stock an equal weight rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SentinelOne presently has an average rating of Moderate Buy and a consensus target price of $25.04.

Read Our Latest Research Report on SentinelOne

SentinelOne Price Performance

Shares of S stock opened at $16.83 on Friday. SentinelOne has a twelve month low of $12.43 and a twelve month high of $30.76. The company’s 50-day moving average price is $21.72 and its 200-day moving average price is $23.80.

SentinelOne (NYSE:SGet Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.18). The firm had revenue of $186.36 million during the quarter, compared to analyst estimates of $181.11 million. SentinelOne had a negative net margin of 44.79% and a negative return on equity of 16.56%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. Equities research analysts forecast that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity

In other SentinelOne news, CFO David J. Bernhardt sold 4,021 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $20.88, for a total transaction of $83,958.48. Following the transaction, the chief financial officer now owns 528,359 shares of the company’s stock, valued at $11,032,135.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO David J. Bernhardt sold 7,342 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $27.25, for a total transaction of $200,069.50. Following the completion of the sale, the chief financial officer now owns 546,232 shares in the company, valued at approximately $14,884,822. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David J. Bernhardt sold 4,021 shares of SentinelOne stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $20.88, for a total transaction of $83,958.48. Following the completion of the transaction, the chief financial officer now owns 528,359 shares in the company, valued at $11,032,135.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 370,855 shares of company stock worth $8,535,409. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently made changes to their positions in S. Principal Financial Group Inc. grew its position in SentinelOne by 27.3% in the 3rd quarter. Principal Financial Group Inc. now owns 19,298 shares of the company’s stock valued at $325,000 after buying an additional 4,138 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of SentinelOne by 14.3% during the third quarter. Victory Capital Management Inc. now owns 25,016 shares of the company’s stock worth $422,000 after acquiring an additional 3,130 shares during the period. New York State Common Retirement Fund raised its holdings in SentinelOne by 16.8% during the third quarter. New York State Common Retirement Fund now owns 209,336 shares of the company’s stock worth $3,529,000 after purchasing an additional 30,060 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in SentinelOne by 25.7% in the third quarter. Oppenheimer & Co. Inc. now owns 43,120 shares of the company’s stock valued at $727,000 after purchasing an additional 8,824 shares during the period. Finally, Amalgamated Bank boosted its holdings in SentinelOne by 17.2% in the 3rd quarter. Amalgamated Bank now owns 36,335 shares of the company’s stock valued at $613,000 after purchasing an additional 5,345 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

(Get Free Report)

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.

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