Bank of America Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target lowered by research analysts at Bank of America from $19.00 to $18.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 23.71% from the stock’s current price.

A number of other research firms have also recently weighed in on S. JMP Securities set a $23.00 price target on SentinelOne in a report on Friday. Needham & Company LLC decreased their target price on SentinelOne from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday. Berenberg Bank assumed coverage on SentinelOne in a report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 target price on the stock. UBS Group raised their price target on SentinelOne from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.43.

SentinelOne Stock Down 14.3%

Shares of S opened at $14.55 on Friday. SentinelOne has a 52-week low of $14.48 and a 52-week high of $26.00. The company has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $17.65. The company has a market capitalization of $4.85 billion, a PE ratio of -11.64 and a beta of 0.76.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same period in the prior year, the business posted ($0.25) earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 24,515 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.69, for a total value of $458,185.35. Following the transaction, the insider directly owned 951,541 shares in the company, valued at approximately $17,784,301.29. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tomer Weingarten sold 162,794 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the sale, the chief executive officer directly owned 1,298,982 shares in the company, valued at $23,875,289.16. This represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 481,090 shares of company stock worth $8,637,206 in the last ninety days. Company insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its stake in SentinelOne by 102.4% in the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 726 shares during the period. Strategic Advocates LLC acquired a new stake in shares of SentinelOne during the third quarter worth $26,000. Danske Bank A S acquired a new stake in shares of SentinelOne during the third quarter worth $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne in the second quarter valued at $29,000. Finally, MAI Capital Management grew its position in shares of SentinelOne by 121.2% in the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds 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.