SentinelOne (NYSE:S) Price Target Cut to $27.00 by Analysts at Morgan Stanley

SentinelOne (NYSE:S) had its price target cut by Morgan Stanley from $29.00 to $27.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group cut shares of SentinelOne from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective on the stock. Oppenheimer began coverage on shares of SentinelOne in a report on Wednesday, January 15th. They issued an “outperform” rating and a $32.00 price objective on the stock. Robert W. Baird increased their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Citigroup cut their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Seven investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Price Performance

Shares of NYSE S opened at $22.15 on Wednesday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.29. The company’s 50-day moving average is $23.12 and its 200 day moving average is $24.30. The stock has a market capitalization of $7.12 billion, a P/E ratio of -23.56 and a beta of 0.75.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.21) EPS. Research analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 70,642 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $24.22, for a total transaction of $1,710,949.24. Following the completion of the transaction, the chief executive officer now owns 939,726 shares in the company, valued at $22,760,163.72. The trade was a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 357,341 shares of company stock worth $8,423,765. Company insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently modified their holdings of S. Marshall Wace LLP raised its position in shares of SentinelOne by 715.4% during the 4th quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock valued at $106,447,000 after purchasing an additional 4,206,900 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of SentinelOne during the 3rd quarter valued at $80,604,000. Norges Bank bought a new stake in shares of SentinelOne during the 4th quarter valued at $73,528,000. Point72 Asset Management L.P. bought a new stake in shares of SentinelOne during the 4th quarter valued at $63,120,000. Finally, Sylebra Capital LLC grew its stake in SentinelOne by 33.7% during the third quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after acquiring an additional 2,282,980 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

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.