SentinelOne (NYSE:S) Given New $16.00 Price Target at Barclays

Key Points

• Barclays cut SentinelOne's price target from $18 to $16 and kept an "equal weight" rating, implying about a 13.15% upside from the prior close.
• Analysts have trimmed targets across the board but the consensus remains a Moderate Buy with an average target of $21.05, while individual ratings range from Strong Buy to Sell.
• Shares traded near $14.14 after the companybeat quarterly EPS ($0.07 vs. $0.05) and showed 22.9% revenue growth, though SentinelOne is still unprofitable and insiders have sold material shares recently.

SentinelOne (NYSE:S - Get Free Report) had its price target lowered by equities research analysts at Barclays from $18.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 13.15% from the company's previous close.

Other research analysts also recently issued reports about the company. Wedbush cut their price objective on SentinelOne from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, December 5th. The Goldman Sachs Group reduced their price objective on SentinelOne from $19.00 to $16.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 28th. Cantor Fitzgerald decreased their price objective on SentinelOne from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday, November 24th. Piper Sandler reissued a "neutral" rating and issued a $17.00 target price (down from $20.00) on shares of SentinelOne in a research note on Sunday, January 4th. Finally, Oppenheimer decreased their price target on shares of SentinelOne from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.05.

SentinelOne Trading Up 1.2%

Shares of NYSE:S traded up $0.17 during midday trading on Friday, hitting $14.14. 1,889,675 shares of the stock were exchanged, compared to its average volume of 8,042,014. SentinelOne has a twelve month low of $12.23 and a twelve month high of $21.40. The company has a 50 day moving average price of $14.02 and a 200-day moving average price of $15.92. The stock has a market cap of $4.81 billion, a P/E ratio of -11.31 and a beta of 0.77.

SentinelOne (NYSE:S - Get Free Report) last posted its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The firm's revenue for the quarter was up 22.9% on a year-over-year basis. During the same period last year, the firm posted ($0.25) EPS. On average, equities research analysts expect that SentinelOne will post -0.76 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other news, insider Keenan Michael Conder sold 4,237 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $13.15, for a total value of $55,716.55. Following the completion of the transaction, the insider directly owned 562,362 shares in the company, valued at approximately $7,395,060.30. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Barbara A. Larson sold 11,173 shares of the company's stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares of the company's stock, valued at approximately $7,993,493.04. The trade was a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 331,694 shares of company stock worth $4,849,673. Company insiders own 4.33% of the company's stock.

Hedge Funds Weigh In On SentinelOne

Several large investors have recently added to or reduced their stakes in S. Alpine Global Management LLC acquired a new stake in SentinelOne in the 4th quarter valued at approximately $180,000. Pacer Advisors Inc. lifted its holdings in SentinelOne by 78.6% in the fourth quarter. Pacer Advisors Inc. now owns 31,653 shares of the company's stock worth $475,000 after purchasing an additional 13,931 shares during the period. Virtu Financial LLC grew its position in SentinelOne by 347.1% in the 4th quarter. Virtu Financial LLC now owns 80,886 shares of the company's stock valued at $1,213,000 after buying an additional 62,795 shares in the last quarter. Sunbelt Securities Inc. increased its stake in SentinelOne by 50.3% during the 4th quarter. Sunbelt Securities Inc. now owns 23,615 shares of the company's stock valued at $354,000 after buying an additional 7,898 shares during the period. Finally, Compound Planning Inc. bought a new stake in shares of SentinelOne during the 4th quarter worth about $167,000. 90.87% of the stock is currently owned by institutional investors.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne's solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company's flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.