Citigroup Cuts SentinelOne (NYSE:S) Price Target to $27.00

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

Several other research firms also recently commented on S. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective on shares of SentinelOne in a report on Monday, December 2nd. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Scotiabank lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of SentinelOne from a “hold” rating to a “buy” rating and upped their target price for the company from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald assumed coverage on SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target for the company. Seven research 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. According to MarketBeat.com, SentinelOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.56.

SentinelOne Trading Up 0.5 %

S stock opened at $22.32 on Friday. The stock has a 50-day moving average price of $24.62 and a two-hundred day moving average price of $23.96. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The stock has a market cap of $7.17 billion, a PE ratio of -23.75 and a beta of 0.74.

SentinelOne (NYSE:S) last released its quarterly earnings results 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). SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. During the same period last year, the company earned ($0.21) EPS. The company’s revenue was up 28.3% compared to the same quarter last year. On average, analysts forecast that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Activity at SentinelOne

In related news, CEO Tomer Weingarten sold 70,655 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $27.63, for a total value of $1,952,197.65. Following the completion of the transaction, the chief executive officer now owns 1,019,541 shares in the company, valued at $28,169,917.83. This trade represents a 6.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $26.28, for a total transaction of $383,241.24. Following the sale, the insider now directly owns 585,647 shares in the company, valued at $15,390,803.16. The trade was a 2.43 % 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 valued at $8,757,911. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors have recently made changes to their positions in S. KBC Group NV boosted its stake in shares of SentinelOne by 778.0% in the 3rd quarter. KBC Group NV now owns 65,455 shares of the company’s stock valued at $1,566,000 after purchasing an additional 58,000 shares during the last quarter. Erste Asset Management GmbH bought a new stake in SentinelOne during the third quarter valued at $4,816,000. NorthRock Partners LLC acquired a new stake in SentinelOne during the 3rd quarter worth about $5,227,000. Charles Schwab Investment Management Inc. raised its position 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 worth $62,129,000 after acquiring an additional 921,572 shares in the last quarter. Finally, Sycomore Asset Management lifted its stake in shares of SentinelOne by 40.4% in the 2nd quarter. Sycomore Asset Management now owns 288,860 shares of the company’s stock valued at $5,537,000 after purchasing an additional 83,060 shares during the period. Institutional investors own 90.87% of the company’s stock.

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.