Barclays Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target decreased by investment analysts at Barclays from $30.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 8.61% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Loop Capital upped their price objective on SentinelOne from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $33.00 price target on shares of SentinelOne in a research note on Wednesday, August 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $25.00 price objective on shares of SentinelOne in a research report on Friday, September 13th. Piper Sandler upgraded shares of SentinelOne from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $25.00 to $32.00 in a research report on Monday, October 14th. Finally, Wedbush raised shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.42.

SentinelOne Price Performance

Shares of NYSE:S opened at $25.78 on Thursday. The company has a market capitalization of $8.18 billion, a P/E ratio of -27.43 and a beta of 0.67. SentinelOne has a 1-year low of $14.33 and a 1-year high of $30.76. The firm’s 50 day simple moving average is $26.31 and its two-hundred day simple moving average is $23.15.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. On average, sell-side analysts anticipate that SentinelOne will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, insider Ric Smith sold 23,567 shares of SentinelOne stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $21.89, for a total transaction of $515,881.63. Following the completion of the sale, the insider now owns 585,647 shares of the company’s stock, valued at approximately $12,819,812.83. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David J. Bernhardt sold 11,222 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the completion of the sale, the chief financial officer now owns 477,781 shares of the company’s stock, valued at $10,224,513.40. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 351,754 shares of company stock worth $8,532,505 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Champlain Investment Partners LLC purchased a new stake in SentinelOne during the third quarter worth $80,604,000. Sylebra Capital LLC lifted its stake in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock worth $216,451,000 after purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP boosted its position in SentinelOne by 137.3% during the third quarter. Atreides Management LP now owns 3,802,904 shares of the company’s stock valued at $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in SentinelOne in the second quarter valued at about $36,237,000. Finally, Eminence Capital LP grew its stake in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company’s stock valued at $144,282,000 after purchasing an additional 1,337,145 shares during the last quarter. 90.87% of the stock is 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.