Sanford C. Bernstein Has Lowered Expectations for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price target cut by equities researchers at Sanford C. Bernstein from $32.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 16.37% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of SentinelOne in a research report on Tuesday. Loop Capital lifted their target price on SentinelOne from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Piper Sandler raised SentinelOne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $25.00 to $32.00 in a research report on Monday, October 14th. Barclays lowered their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, JMP Securities reissued a “market outperform” rating and issued a $33.00 target price on shares of SentinelOne in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.42.

SentinelOne Trading Up 3.6 %

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

SentinelOne (NYSE:S) last announced its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the firm earned ($0.21) EPS. SentinelOne’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, equities analysts forecast that SentinelOne will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ric Smith sold 3,135 shares of the 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 of the company’s stock, valued at approximately $15,290,940. This represents a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total transaction of $1,773,705.60. Following the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This represents a 7.32 % 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 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of S. CWM LLC increased its holdings in shares of SentinelOne by 220.6% during the second quarter. CWM LLC now owns 5,720 shares of the company’s stock worth $120,000 after buying an additional 3,936 shares in the last quarter. SG Americas Securities LLC raised its position in SentinelOne by 1,190.9% in the second quarter. SG Americas Securities LLC now owns 191,197 shares of the company’s stock valued at $4,025,000 after purchasing an additional 176,386 shares during the last quarter. Wealth Management Partners LLC acquired a new stake in shares of SentinelOne during the second quarter valued at about $221,000. Wedmont Private Capital grew its holdings in shares of SentinelOne by 16.2% during the second quarter. Wedmont Private Capital now owns 11,289 shares of the company’s stock worth $230,000 after purchasing an additional 1,574 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in shares of SentinelOne by 79.8% in the second quarter. Baader Bank Aktiengesellschaft now owns 72,832 shares of the company’s stock valued at $1,524,000 after buying an additional 32,332 shares during the period. Institutional investors own 90.87% of the company’s stock.

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.