SentinelOne (NYSE:S) Earns Neutral Rating from JPMorgan Chase & Co.

SentinelOne (NYSE:S - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat reports. They presently have a $19.00 price target on the stock, down from their previous price target of $22.00. JPMorgan Chase & Co.'s price target would suggest a potential upside of 7.59% from the stock's current price.

A number of other research firms have also weighed in on S. Susquehanna lowered their price objective on SentinelOne from $30.00 to $25.00 and set a "positive" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company reissued an "equal weight" rating and set a $18.00 price objective (down previously from $22.00) on shares of SentinelOne in a research note on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $24.00 price objective on shares of SentinelOne in a research note on Friday, May 23rd. Morgan Stanley lowered their price objective on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Roth Mkm initiated coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.77.

SentinelOne Stock Performance

Shares of NYSE:S traded up $0.27 during trading on Thursday, reaching $17.66. The stock had a trading volume of 9,093,528 shares, compared to its average volume of 5,141,173. The business has a fifty day moving average price of $18.50 and a 200-day moving average price of $21.58. The stock has a market cap of $5.82 billion, a PE ratio of -18.79 and a beta of 0.81. SentinelOne has a 1-year low of $14.33 and a 1-year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The firm had revenue of $229.03 million for the quarter, compared to analyst estimates of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. Sell-side analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 81,619 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the sale, the chief executive officer now owns 879,494 shares in the company, valued at $17,229,287.46. This represents a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Barbara A. Larson sold 10,172 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the transaction, the chief financial officer now directly owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 417,914 shares of company stock worth $7,830,519. 4.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co acquired a new position in shares of SentinelOne during the 1st quarter worth about $26,000. Smartleaf Asset Management LLC boosted its position in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after acquiring an additional 556 shares in the last quarter. Avion Wealth acquired a new position in shares of SentinelOne during the 4th quarter worth about $28,000. Arlington Trust Co LLC acquired a new position in shares of SentinelOne during the 4th quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of SentinelOne during the 4th quarter worth about $33,000. 90.87% of the stock is owned by institutional investors and hedge funds.

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.