Westpark Capital Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S - Get Free Report) had its price objective cut by stock analysts at Westpark Capital from $31.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Westpark Capital's target price would suggest a potential upside of 41.56% from the stock's current price.

Other analysts also recently issued research reports about the company. Roth Mkm initiated coverage on SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price on the stock. Barclays reduced their price objective on SentinelOne from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $28.00 target price on shares of SentinelOne in a report on Wednesday, May 21st. Robert W. Baird dropped their target price on SentinelOne from $30.00 to $28.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Morgan Stanley dropped their target price on SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, SentinelOne currently has a consensus rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Price Performance

Shares of S stock traded up $0.27 during trading hours on Thursday, reaching $17.66. 9,093,528 shares of the company traded hands, compared to its average volume of 5,141,173. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The company has a market cap of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81. The firm has a 50-day moving average price of $18.50 and a 200 day moving average price of $21.58.

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

Insider Transactions at SentinelOne

In other news, insider Ric Smith sold 3,187 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $18.54, for a total value of $59,086.98. Following the completion of the transaction, the insider now directly owns 1,058,025 shares of the company's stock, valued at approximately $19,615,783.50. The trade was a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tomer Weingarten sold 39,477 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $19.55, for a total value of $771,775.35. Following the completion of the transaction, the chief executive officer now directly owns 900,249 shares of the company's stock, valued at approximately $17,599,867.95. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 417,914 shares of company stock valued at $7,830,519. Corporate insiders own 4.33% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE increased its position in SentinelOne by 26.4% during the 4th quarter. US Bancorp DE now owns 49,873 shares of the company's stock valued at $1,107,000 after buying an additional 10,413 shares in the last quarter. Barclays PLC increased its position in SentinelOne by 121.9% during the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after buying an additional 178,685 shares in the last quarter. Truist Financial Corp increased its position in SentinelOne by 10.2% during the 4th quarter. Truist Financial Corp now owns 28,968 shares of the company's stock valued at $643,000 after buying an additional 2,690 shares in the last quarter. LPL Financial LLC increased its position in SentinelOne by 66.3% during the 4th quarter. LPL Financial LLC now owns 127,666 shares of the company's stock valued at $2,834,000 after buying an additional 50,917 shares in the last quarter. Finally, Rhumbline Advisers increased its position in SentinelOne by 24.8% during the 4th quarter. Rhumbline Advisers now owns 314,049 shares of the company's stock valued at $6,972,000 after buying an additional 62,404 shares in the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Company Profile

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.