SentinelOne (NYSE:S) Downgraded to “Neutral” Rating by UBS Group

UBS Group cut shares of SentinelOne (NYSE:S) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat reports. They currently have $25.00 price objective on the stock, down from their previous price objective of $30.00.

S has been the subject of a number of other research reports. Susquehanna increased their target price on shares of SentinelOne from $28.00 to $30.00 and gave the company a “positive” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of 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 research report on Tuesday, November 12th. Canaccord Genuity Group reissued a “buy” rating and set a $30.00 target price on shares of SentinelOne in a research report on Friday, October 18th. Jefferies Financial Group raised shares of SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the company from $27.00 to $30.00 in a research report on Thursday, December 19th. Finally, Scotiabank increased their target price on shares of SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.48.

SentinelOne Price Performance

Shares of S stock opened at $21.73 on Wednesday. The firm has a market capitalization of $6.98 billion, a P/E ratio of -23.12 and a beta of 0.74. SentinelOne has a twelve month low of $14.33 and a twelve month high of $30.76. The stock’s fifty day simple moving average is $24.84 and its 200 day simple moving average is $23.91.

SentinelOne (NYSE:S) last announced its earnings results on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.21) earnings per share. As a group, equities research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the sale, the insider now directly owns 582,512 shares in the company, valued at $15,290,940. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 10,165 shares of SentinelOne stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total value of $266,831.25. Following the sale, the chief executive officer now owns 1,029,332 shares in the company, valued at $27,019,965. The trade was a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 358,135 shares of company stock worth $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new stake in SentinelOne in the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in SentinelOne in the 4th quarter worth about $48,000. Capital Performance Advisors LLP purchased a new stake in SentinelOne in the 3rd quarter worth about $55,000. Blue Trust Inc. increased its holdings in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Huntington National Bank increased its holdings in SentinelOne by 287.9% in the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock worth $57,000 after acquiring an additional 1,765 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

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.