Sanford C. Bernstein Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its target price dropped by equities research analysts at Sanford C. Bernstein from $32.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price objective indicates a potential upside of 16.55% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $32.00 in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Wells Fargo & Company increased their target price on SentinelOne from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $33.00 price objective on shares of SentinelOne in a report on Wednesday, August 28th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.27.

SentinelOne Trading Down 10.3 %

S traded down $2.94 on Thursday, hitting $25.74. 16,338,997 shares of the company were exchanged, compared to its average volume of 5,203,342. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The company has a market cap of $8.17 billion, a price-to-earnings ratio of -27.89 and a beta of 0.67. The firm has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $23.12.

SentinelOne (NYSE:S) last announced its 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 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%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the company earned ($0.21) earnings per share. Equities analysts expect that SentinelOne will post -0.73 EPS for the current year.

Insider Transactions at SentinelOne

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total value of $82,293.75. Following the completion of the sale, the insider now owns 582,512 shares in the company, valued at $15,290,940. This represents a 0.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 70,655 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $27.63, for a total transaction of $1,952,197.65. Following the completion of the sale, the chief executive officer now owns 1,019,541 shares of the company’s stock, valued at approximately $28,169,917.83. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,541 shares of company stock valued at $10,032,448 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in SentinelOne by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 26,424 shares of the company’s stock valued at $698,000 after buying an additional 1,366 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in SentinelOne in the 3rd quarter valued at $67,000. Ashford Capital Management Inc. grew its stake in SentinelOne by 72.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 658,435 shares of the company’s stock valued at $15,750,000 after buying an additional 277,235 shares during the last quarter. Geode Capital Management LLC grew its stake in SentinelOne by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company’s stock valued at $107,326,000 after buying an additional 355,944 shares during the last quarter. Finally, Sylebra Capital LLC grew its stake in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.