JPMorgan Chase & Co. Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective decreased by JPMorgan Chase & Co. from $19.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 16.84% from the stock’s previous close.

A number of other research analysts have also recently commented on S. Berenberg Bank started coverage on SentinelOne in a research report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target on the stock. Cowen reiterated a “buy” rating on shares of SentinelOne in a research report on Friday. Citizens Jmp reduced their target price on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a research note on Friday. Jefferies Financial Group upped their price target on shares of SentinelOne from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SentinelOne in a research note on Tuesday. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

SentinelOne Stock Down 14.3%

S opened at $14.55 on Friday. The company’s 50-day moving average price is $16.93 and its two-hundred day moving average price is $17.65. SentinelOne has a twelve month low of $14.48 and a twelve month high of $26.00. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -11.64 and a beta of 0.76.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $256.19 million. During the same quarter in the previous year, the firm posted ($0.25) EPS. SentinelOne’s revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ric Smith sold 23,520 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $18.07, for a total value of $425,006.40. Following the sale, the insider directly owned 928,021 shares in the company, valued at $16,769,339.47. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 90,100 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $16.47, for a total transaction of $1,483,947.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 481,090 shares of company stock worth $8,637,206 in the last ninety days. Insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

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