Barclays Cuts SentinelOne (NYSE:S) Price Target to $28.00

SentinelOne (NYSE:S) had its target price lowered by Barclays from $30.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 8.32% from the stock’s current price.

S has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Morgan Stanley restated an “equal weight” rating and set a $29.00 price objective on shares of SentinelOne in a report on Monday. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $32.00 in a research report on Tuesday, November 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a report on Wednesday, August 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $29.35.

SentinelOne Trading Down 9.9 %

Shares of NYSE:S traded down $2.83 during trading on Thursday, reaching $25.85. The stock had a trading volume of 8,166,949 shares, compared to its average volume of 5,164,057. The firm’s 50-day simple moving average is $26.25 and its 200 day simple moving average is $23.12. SentinelOne has a one year low of $14.33 and a one year high of $30.76. The company has a market capitalization of $8.20 billion, a P/E ratio of -27.80 and a beta of 0.67.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. SentinelOne’s revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) earnings per share. Equities research analysts forecast that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Robin Tomasello sold 5,022 shares of SentinelOne stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the sale, the chief accounting officer now owns 193,542 shares in the company, valued at $4,412,757.60. This trade represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the transaction, the chief executive officer now directly owns 1,019,541 shares in the company, valued at $28,169,917.83. This represents a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 417,541 shares of company stock worth $10,032,448. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in SentinelOne by 220.6% during the second quarter. CWM LLC now owns 5,720 shares of the company’s stock worth $120,000 after buying an additional 3,936 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of SentinelOne by 1,190.9% in the second quarter. SG Americas Securities LLC now owns 191,197 shares of the company’s stock valued at $4,025,000 after purchasing an additional 176,386 shares during the period. Wealth Management Partners LLC purchased a new stake in shares of SentinelOne in the second quarter valued at about $221,000. Wedmont Private Capital increased its position in SentinelOne by 16.2% during the second quarter. Wedmont Private Capital now owns 11,289 shares of the company’s stock worth $230,000 after purchasing an additional 1,574 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its stake in SentinelOne by 79.8% during the second quarter. Baader Bank Aktiengesellschaft now owns 72,832 shares of the company’s stock worth $1,524,000 after purchasing an additional 32,332 shares during the period. 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.