SentinelOne (NYSE:S) Price Target Lowered to $27.00 at Citigroup

SentinelOne (NYSE:S) had its price target lowered by equities research analysts at Citigroup from $28.00 to $27.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 20.95% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Westpark Capital restated a “buy” rating and issued a $34.00 target price on shares of SentinelOne in a research note on Tuesday, December 3rd. Oppenheimer began coverage on SentinelOne in a research report on Wednesday. They issued an “outperform” rating and a $32.00 target price on the stock. Barclays decreased their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Sanford C. Bernstein cut their price target on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.56.

SentinelOne Price Performance

NYSE S traded up $0.11 during trading hours on Friday, hitting $22.32. The company had a trading volume of 1,529,432 shares, compared to its average volume of 3,621,246. The firm’s 50 day moving average is $24.72 and its 200 day moving average is $23.90. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of -23.77 and a beta of 0.74.

SentinelOne (NYSE:S) last posted 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 company had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) EPS. On average, equities analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at $12,090,692.25. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 358,135 shares of company stock valued at $8,757,911 over the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of SentinelOne by 74.8% during the 4th quarter. SG Americas Securities LLC now owns 57,142 shares of the company’s stock worth $1,269,000 after purchasing an additional 24,453 shares in the last quarter. Wealth Management Partners LLC raised its position in SentinelOne by 13.7% during the fourth quarter. Wealth Management Partners LLC now owns 14,796 shares of the company’s stock valued at $328,000 after acquiring an additional 1,785 shares in the last quarter. Shelton Wealth Management LLC acquired a new stake in SentinelOne in the fourth quarter valued at approximately $1,084,000. Carnegie Investment Counsel acquired a new stake in shares of SentinelOne in the 4th quarter valued at $7,167,000. Finally, Hamilton Lane Advisors LLC bought a new stake in SentinelOne in the fourth quarter worth $2,419,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.