Citizens Jmp Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price lowered by analysts at Citizens Jmp from $29.00 to $23.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 58.08% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. New Street Research set a $23.00 price target on shares of SentinelOne in a research note on Friday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a report on Friday. DA Davidson lifted their target price on SentinelOne from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Barclays reduced their price target on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Finally, Cantor Fitzgerald decreased their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.43.

SentinelOne Stock Down 14.3%

SentinelOne stock 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 market cap of $4.85 billion, a P/E ratio of -11.64 and a beta of 0.76. The business has a 50-day simple moving average of $16.93 and a two-hundred day simple moving average of $17.65.

SentinelOne (NYSE:S) last issued its quarterly earnings data 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. The firm had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.89%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.25) EPS. Research analysts anticipate that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 90,100 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.47, for a total value of $1,483,947.00. Following the transaction, the chief executive officer directly owned 1,251,780 shares of the company’s stock, valued at approximately $20,616,816.60. The trade was a 6.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 23,520 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $18.07, for a total value of $425,006.40. Following the completion of the transaction, the insider owned 928,021 shares of the company’s stock, valued at $16,769,339.47. The trade was a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 481,090 shares of company stock worth $8,637,206 in the last three months. Corporate insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after purchasing an additional 726 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of SentinelOne in the third quarter worth about $26,000. Danske Bank A S purchased a new stake in shares of SentinelOne in the third quarter worth about $26,000. Atlantic Union Bankshares Corp bought a new position in SentinelOne during the second quarter valued at approximately $29,000. Finally, MAI Capital Management boosted its stake in SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after buying an additional 1,000 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Company Profile

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.