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

SentinelOne (NYSE:S) had its target price lowered by Citigroup from $28.00 to $27.00 in a report published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities research analysts have also commented on the company. Barclays decreased their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. DA Davidson upped their target price on SentinelOne from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Scotiabank raised their price target on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Cantor Fitzgerald initiated coverage on shares of SentinelOne in a research report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, Oppenheimer started coverage on shares of SentinelOne in a research report on Wednesday. They set an “outperform” rating and a $32.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

SentinelOne Stock Up 0.5 %

Shares of NYSE:S opened at $22.32 on Friday. SentinelOne has a fifty-two week low of $14.33 and a fifty-two week high of $30.76. The firm’s 50-day simple moving average is $24.62 and its 200-day simple moving average is $23.91.

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 net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) EPS. Equities research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 3,135 shares of SentinelOne stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.25, for a total transaction of $82,293.75. Following the transaction, the insider now directly owns 582,512 shares of the company’s stock, valued at $15,290,940. The trade was a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $21,612,038.64. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 358,135 shares of company stock valued at $8,757,911 over the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Hedge funds have recently modified their holdings of the stock. KBC Group NV increased its position in shares of SentinelOne by 778.0% during the third quarter. KBC Group NV now owns 65,455 shares of the company’s stock worth $1,566,000 after acquiring an additional 58,000 shares during the last quarter. Erste Asset Management GmbH acquired a new position in SentinelOne during the 3rd quarter worth $4,816,000. NorthRock Partners LLC bought a new stake in shares of SentinelOne in the 3rd quarter worth about $5,227,000. Charles Schwab Investment Management Inc. raised its stake in shares of SentinelOne by 55.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,597,374 shares of the company’s stock valued at $62,129,000 after purchasing an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management lifted its position in shares of SentinelOne by 40.4% during the second quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock worth $5,537,000 after purchasing an additional 83,060 shares during the last quarter. 90.87% of the stock is currently owned by hedge funds and other 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.