SentinelOne (NYSE:S) Shares Gap Down on Analyst Downgrade

SentinelOne, Inc. (NYSE:S) gapped down before the market opened on Thursday after Susquehanna lowered their price target on the stock from $30.00 to $25.00. The stock had previously closed at $19.30, but opened at $17.87. Susquehanna currently has a positive rating on the stock. SentinelOne shares last traded at $18.78, with a volume of 4,751,340 shares trading hands.

Other equities research analysts have also recently issued reports about the stock. Scotiabank boosted their price target on shares of SentinelOne from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Citigroup dropped their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Sanford C. Bernstein dropped their price target on SentinelOne from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Jefferies Financial Group raised SentinelOne from a “hold” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $30.00 in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their price target on SentinelOne from $33.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday. Seven research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.11.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $23.74, for a total value of $1,444,911.36. Following the completion of the transaction, the chief executive officer now owns 959,682 shares of the company’s stock, valued at $22,782,850.68. This represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 14,583 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now owns 531,459 shares in the company, valued at approximately $12,090,692.25. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 314,682 shares of company stock worth $7,094,571 in the last ninety days. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its position in SentinelOne by 1.4% in the fourth quarter. Guggenheim Capital LLC now owns 34,396 shares of the company’s stock worth $764,000 after buying an additional 478 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after acquiring an additional 556 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its holdings in shares of SentinelOne by 4.6% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company’s stock worth $365,000 after acquiring an additional 724 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of SentinelOne by 4.0% in the third quarter. Avior Wealth Management LLC now owns 23,114 shares of the company’s stock worth $553,000 after acquiring an additional 898 shares during the period. Finally, Bullseye Asset Management LLC boosted its holdings in shares of SentinelOne by 1.5% in the third quarter. Bullseye Asset Management LLC now owns 67,100 shares of the company’s stock worth $1,605,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 90.87% of the company’s stock.

SentinelOne Price Performance

The stock has a fifty day moving average price of $22.50 and a 200 day moving average price of $24.10. The stock has a market capitalization of $6.04 billion, a P/E ratio of -20.04 and a beta of 0.78.

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.