SentinelOne (NYSE:S) Shares Gap Down on Analyst Downgrade

Shares of SentinelOne, Inc. (NYSE:S) gapped down before the market opened on Thursday after Jefferies Financial Group lowered their price target on the stock from $30.00 to $25.00. The stock had previously closed at $19.30, but opened at $17.87. Jefferies Financial Group currently has a buy rating on the stock. SentinelOne shares last traded at $18.78, with a volume of 4,751,340 shares trading hands.

Several other research analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday. Sanford C. Bernstein dropped their price objective on shares of SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Scotiabank dropped their price objective on shares of SentinelOne from $26.00 to $19.00 and set a “sector perform” rating for the company in a research report on Thursday. Robert W. Baird dropped their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Guggenheim restated a “buy” rating and issued a $31.00 price objective on shares of SentinelOne in a research report on Thursday, December 5th. Seven equities research 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 stock. Based on data from MarketBeat.com, SentinelOne currently has an average rating of “Moderate Buy” and an average price target of $26.59.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s 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 owns 959,682 shares of the company’s stock, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the sale, the insider now directly owns 531,459 shares of the company’s stock, valued at $12,090,692.25. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 253,818 shares of company stock worth $5,649,659. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in SentinelOne by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 29,881,352 shares of the company’s stock worth $663,366,000 after buying an additional 399,056 shares in the last quarter. Sylebra Capital LLC grew its position in SentinelOne by 6.2% during the fourth quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after buying an additional 564,327 shares in the last quarter. Eminence Capital LP grew its position in SentinelOne by 6.4% during the fourth quarter. Eminence Capital LP now owns 6,533,894 shares of the company’s stock worth $145,052,000 after buying an additional 392,986 shares in the last quarter. Invesco Ltd. grew its position in SentinelOne by 18.4% during the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company’s stock worth $128,494,000 after buying an additional 900,577 shares in the last quarter. Finally, State Street Corp grew its position in SentinelOne by 11.3% during the third quarter. State Street Corp now owns 5,072,097 shares of the company’s stock worth $121,325,000 after buying an additional 516,244 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

SentinelOne Price Performance

The stock has a 50-day moving average of $22.44 and a 200-day moving average of $24.06. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of -19.43 and a beta of 0.78.

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.