SentinelOne (NYSE:S) Stock Price Down 8.6% - Here's Why

Key Points

• SentinelOne shares fell 8.6% to about $21.37, with trading volume roughly 54% below the average session level.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $24.05; recent targets range from $22 to $26.
• The company beat quarterly estimates with $291.98 million in revenue and $0.08 EPS, while revenue rose 20.6% year over year. However, SentinelOne remains unprofitable, and insiders have sold roughly $21.2 million of stock over the past 90 days.

Shares of SentinelOne, Inc. (NYSE:S - Get Free Report) were down 8.6% during mid-day trading on Friday. The company traded as low as $21.41 and last traded at $21.37. 3,825,500 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 8,363,323 shares. The stock had previously closed at $23.37.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on S shares. Citigroup reiterated an "outperform" rating on shares of SentinelOne in a research note on Friday, August 28th. Weiss Ratings upgraded shares of SentinelOne from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on shares of SentinelOne from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Friday, August 21st. UBS Group raised their target price on shares of SentinelOne from $16.00 to $24.00 and gave the company a "neutral" rating in a report on Friday, August 28th. Finally, Stephens reiterated an "overweight" rating and issued a $26.00 price target on shares of SentinelOne in a research note on Friday, August 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.05.

SentinelOne Trading Down 9.1%

The stock has a fifty day simple moving average of $22.52 and a 200-day simple moving average of $18.52. The company has a market capitalization of $7.39 billion, a PE ratio of -21.03 and a beta of 0.70.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $291.98 million for the quarter, compared to the consensus estimate of $290.24 million. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%. The business's revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.22) EPS. 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, equities research analysts predict that SentinelOne, Inc. will post -0.46 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 527,368 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $25.26, for a total transaction of $13,321,315.68. Following the completion of the transaction, the chief executive officer owned 1,717,510 shares in the company, valued at approximately $43,384,302.60. This represents a 23.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Robin Tomasello sold 21,440 shares of SentinelOne stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.67, for a total value of $421,724.80. Following the completion of the sale, the chief accounting officer owned 418,423 shares in the company, valued at approximately $8,230,380.41. This trade represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 915,183 shares of company stock valued at $21,151,124. Corporate insiders own 4.27% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in shares of SentinelOne in the second quarter valued at about $25,000. Fortitude Family Office LLC boosted its holdings in shares of SentinelOne by 192.2% in the 3rd quarter. Fortitude Family Office LLC now owns 2,066 shares of the company's stock valued at $49,000 after purchasing an additional 1,359 shares during the last quarter. GAMMA Investing LLC grew its position in SentinelOne by 29.7% during the second quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock valued at $63,000 after acquiring an additional 843 shares during the period. Root Financial Partners LLC raised its stake in shares of SentinelOne by 4,582.8% in 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 during the period. Finally, Versant Capital Management Inc grew its position in SentinelOne by 31.1% in the second quarter. Versant Capital Management Inc now owns 5,221 shares of the company's stock valued at $89,000 after acquiring an additional 1,239 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company's stock.

SentinelOne Company Profile

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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