SentinelOne (NYSE:S) Downgraded by FBN Securities to Sector Perform

Key Points

• FBN Securities downgraded SentinelOne from “outperform” to “sector perform” and set a $24 price target, implying 5.64% downside from the stock’s $25.43 opening price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $23.75 based on 16 Buy, 13 Hold, and one Sell rating.
• SentinelOne’s latest quarterly results slightly exceeded expectations, with adjusted earnings of $0.08 per share and revenue of $291.98 million, up 20.6% year over year; institutional investors own 90.87% of the company.

SentinelOne (NYSE:S - Get Free Report) was downgraded by analysts at FBN Securities from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They presently have a $24.00 target price on the stock. FBN Securities' price objective suggests a potential downside of 5.64% from the company's current price.

Other equities research analysts also recently issued reports about the company. Guggenheim boosted their price target on SentinelOne from $24.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, August 20th. UBS Group lifted their price objective on shares of SentinelOne from $16.00 to $24.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. Morgan Stanley boosted their target price on shares of SentinelOne from $17.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, August 28th. Citizens Jmp increased their target price on shares of SentinelOne from $23.00 to $25.00 and gave the stock a "market outperform" rating in a report on Friday, August 28th. Finally, Scotiabank restated an "outperform" rating on shares of SentinelOne in a research report on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.75.

SentinelOne Stock Performance

Shares of S stock opened at $25.43 on Tuesday. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of -25.18 and a beta of 0.70. SentinelOne has a one year low of $11.81 and a one year high of $25.75. The company's 50-day simple moving average is $21.70 and its 200-day simple moving average is $17.89.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The firm had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same period in the previous year, the company earned ($0.22) earnings per share. SentinelOne's quarterly revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. As a group, research analysts forecast that SentinelOne will post -0.46 EPS for the current year.

Insider Buying and Selling

In other news, CAO Robin Tomasello sold 13,311 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $19.95, for a total transaction of $265,554.45. Following the completion of the transaction, the chief accounting officer owned 405,112 shares of the company's stock, valued at approximately $8,081,984.40. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ana Pinczuk sold 6,230 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $20.09, for a total transaction of $125,160.70. Following the transaction, the insider owned 737,716 shares of the company's stock, valued at $14,820,714.44. This represents a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 356,313 shares of company stock valued at $7,031,863 in the last three months. 4.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new position in SentinelOne in the 2nd quarter worth approximately $25,000. Root Financial Partners LLC raised its stake in SentinelOne by 4,582.8% during the 1st quarter. Root Financial Partners LLC now owns 4,355 shares of the company's stock valued at $56,000 after acquiring an additional 4,262 shares in the last quarter. GAMMA Investing LLC boosted its position in SentinelOne by 29.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock worth $63,000 after acquiring an additional 843 shares during the period. Parallel Advisors LLC boosted its position in SentinelOne by 277.7% during the 1st quarter. Parallel Advisors LLC now owns 5,318 shares of the company's stock worth $68,000 after acquiring an additional 3,910 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of SentinelOne by 31.1% in the second quarter. Versant Capital Management Inc now owns 5,221 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

About SentinelOne

SentinelOne, Inc NYSE: S is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization's technology environment.

The company's offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.

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