Oppenheimer Lowers SentinelOne (NYSE:S) Price Target to $20.00

SentinelOne (NYSE:S) had its price objective reduced by investment analysts at Oppenheimer from $24.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 50.49% from the company’s current price.

Several other equities research analysts also recently weighed in on S. Barclays cut their price objective on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Westpark Capital reiterated a “buy” rating and issued a $25.00 target price on shares of SentinelOne in a research report on Friday, December 5th. Bank of America cut their price target on SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Citigroup lowered their price objective on SentinelOne from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Finally, Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $21.19.

SentinelOne Trading Up 1.2%

Shares of SentinelOne stock opened at $13.29 on Monday. The firm’s 50 day moving average is $14.06 and its 200 day moving average is $15.96. The firm has a market capitalization of $4.52 billion, a PE ratio of -10.63 and a beta of 0.77. SentinelOne has a 1 year low of $12.23 and a 1 year high of $21.40.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The firm’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.25) EPS. As a group, research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insider Transactions at SentinelOne

In related news, CAO Robin Tomasello sold 8,509 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $14.58, for a total value of $124,061.22. Following the sale, the chief accounting officer owned 285,551 shares in the company, valued at approximately $4,163,333.58. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the transaction, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at approximately $16,494,999.72. The trade was a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 331,694 shares of company stock valued at $4,849,673. Corporate insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock worth $547,988,000 after purchasing an additional 520,142 shares in the last quarter. First Trust Advisors LP lifted its position in SentinelOne by 38.1% in the 4th quarter. First Trust Advisors LP now owns 13,146,797 shares of the company’s stock worth $197,202,000 after buying an additional 3,624,707 shares during the last quarter. Legal & General Group Plc boosted its stake in SentinelOne by 4.2% in the fourth quarter. Legal & General Group Plc now owns 8,551,878 shares of the company’s stock worth $128,278,000 after buying an additional 346,014 shares in the last quarter. AQR Capital Management LLC grew its position in SentinelOne by 93.4% during the fourth quarter. AQR Capital Management LLC now owns 8,212,127 shares of the company’s stock valued at $123,182,000 after acquiring an additional 3,965,519 shares during the last quarter. Finally, Caprock Group LLC raised its stake in shares of SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock worth $116,242,000 after acquiring an additional 7,423,177 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.