SentinelOne (NYSE:S – Get Free Report) had its price target reduced by stock analysts at Barclays from $30.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.32% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price objective on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of SentinelOne in a research note on Thursday. Scotiabank raised their price objective on shares of SentinelOne from $18.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Finally, Guggenheim reissued a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.35.
Check Out Our Latest Stock Report on SentinelOne
SentinelOne Trading Down 9.9 %
SentinelOne (NYSE:S – Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations 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 period last year, the firm posted ($0.21) earnings per share. On average, analysts predict that SentinelOne will post -0.73 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the sale, the chief executive officer now directly owns 1,039,497 shares in the company, valued at $22,453,135.20. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Keenan Michael Conder sold 11,097 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $22.80, for a total value of $253,011.60. Following the completion of the transaction, the insider now owns 438,363 shares of the company’s stock, valued at $9,994,676.40. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,541 shares of company stock valued at $10,032,448. 5.60% of the stock is owned by company insiders.
Institutional Trading of SentinelOne
Several large investors have recently modified their holdings of the business. Sylebra Capital LLC raised its holdings in shares of SentinelOne by 33.7% in the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after acquiring an additional 2,282,980 shares during the last quarter. Eminence Capital LP grew its holdings in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the period. State Street Corp increased its holdings in shares of SentinelOne by 11.3% during the 3rd quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock worth $107,326,000 after buying an additional 355,944 shares during the period. Finally, Atreides Management LP boosted its holdings in SentinelOne by 137.3% in the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after acquiring an additional 2,200,594 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.
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