Wedbush Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective decreased by equities research analysts at Wedbush from $23.00 to $20.00 in a report released on Friday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 37.46% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird boosted their price objective on SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Barclays cut their price target on shares of SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Westpark Capital reissued a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Guggenheim restated a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday, August 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of SentinelOne in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.43.

SentinelOne Stock Performance

Shares of S stock opened at $14.55 on Friday. The firm has a market cap of $4.85 billion, a P/E ratio of -11.64 and a beta of 0.76. The firm’s 50 day moving average price is $16.93 and its 200-day moving average price is $17.65. SentinelOne has a one year low of $14.48 and a one year high of $26.00.

SentinelOne (NYSE:S) last announced its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative return on equity of 14.89% and a negative net margin of 43.04%.The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. During the same quarter in the previous year, the company earned ($0.25) earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. As a group, research analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In related news, CEO Tomer Weingarten sold 90,100 shares of SentinelOne stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.47, for a total value of $1,483,947.00. Following the completion of the transaction, the chief executive officer owned 1,251,780 shares in the company, valued at $20,616,816.60. The trade was a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Barbara A. Larson sold 54,583 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the transaction, the chief financial officer owned 549,498 shares of the company’s stock, valued at $9,962,398.74. This trade represents a 9.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 481,090 shares of company stock valued at $8,637,206 over the last quarter. Insiders own 4.33% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of SentinelOne by 42.4% in the 3rd quarter. IFP Advisors Inc now owns 13,599 shares of the company’s stock valued at $239,000 after acquiring an additional 4,049 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of SentinelOne during the 3rd quarter worth about $239,000. Strategic Advocates LLC purchased a new stake in SentinelOne during the third quarter worth approximately $26,000. Finally, Sunbelt Securities Inc. lifted its stake in SentinelOne by 263.4% during the third quarter. Sunbelt Securities Inc. now owns 15,717 shares of the company’s stock worth $277,000 after purchasing an additional 11,392 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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.