UBS Group Downgrades SentinelOne (NYSE:S) to Neutral

SentinelOne (NYSE:S) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat reports. They currently have a $25.00 price objective on the stock, down from their prior price objective of $30.00. UBS Group’s target price indicates a potential upside of 12.54% from the company’s current price.

Several other research firms also recently weighed in on S. Barclays decreased their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Guggenheim reaffirmed a “buy” rating and set a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Westpark Capital reiterated a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a report on Tuesday, December 3rd. Canaccord Genuity Group restated a “buy” rating and set a $30.00 price objective on shares of SentinelOne in a report on Friday, October 18th. Finally, Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and increased their target price for the stock from $27.00 to $30.00 in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.48.

SentinelOne Price Performance

Shares of NYSE:S opened at $22.22 on Wednesday. SentinelOne has a 1 year low of $14.33 and a 1 year high of $30.76. The business’s 50-day moving average is $24.84 and its 200-day moving average is $23.91. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of -23.63 and a beta of 0.74.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. SentinelOne’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Analysts anticipate that SentinelOne will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $22.75, for a total transaction of $331,763.25. Following the sale, the insider now owns 531,459 shares of the company’s stock, valued at $12,090,692.25. The trade was a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $1,370,657.28. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 358,135 shares of company stock valued at $8,757,911 over the last ninety days. 5.60% of the stock is currently owned by insiders.

Institutional Trading of SentinelOne

A number of institutional investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC bought a new position in SentinelOne in the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in SentinelOne in the fourth quarter valued at approximately $48,000. Capital Performance Advisors LLP bought a new stake in SentinelOne during the third quarter valued at approximately $55,000. Blue Trust Inc. grew its stake in SentinelOne by 105.9% in the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock worth $57,000 after buying an additional 1,223 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,765 shares in the last quarter. Hedge funds and other 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.