SentinelOne (NYSE:S) Price Target Lowered to $19.00 at Barclays

SentinelOne (NYSE:S - Get Free Report) had its target price dropped by stock analysts at Barclays from $21.00 to $19.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 7.59% from the company's current price.

Several other research firms have also issued reports on S. Bank of America restated a "neutral" rating and issued a $21.00 target price on shares of SentinelOne in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Piper Sandler dropped their price objective on shares of SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Roth Capital set a $26.00 price objective on shares of SentinelOne and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Canaccord Genuity Group dropped their price objective on shares of SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Ten 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.77.

SentinelOne Price Performance

Shares of SentinelOne stock traded up $0.27 during trading on Thursday, hitting $17.66. The company's stock had a trading volume of 9,093,528 shares, compared to its average volume of 5,045,009. SentinelOne has a 52 week low of $15.36 and a 52 week high of $29.29. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of -18.79 and a beta of 0.81. The stock has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $21.53.

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

Insider Activity at SentinelOne

In other SentinelOne news, CFO Barbara A. Larson sold 10,172 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $19.77, for a total value of $201,100.44. Following the completion of the transaction, the chief financial officer now directly owns 473,223 shares of the company's stock, valued at $9,355,618.71. This trade represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 20,188 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total transaction of $394,675.40. Following the completion of the transaction, the insider now directly owns 508,930 shares of the company's stock, valued at approximately $9,949,581.50. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,914 shares of company stock worth $7,830,519. Corporate insiders own 4.33% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of S. Barclays PLC boosted its holdings in SentinelOne by 121.9% in the 3rd quarter. Barclays PLC now owns 325,215 shares of the company's stock valued at $7,779,000 after purchasing an additional 178,685 shares during the period. KBC Group NV lifted its holdings in shares of SentinelOne by 5.5% during the 4th quarter. KBC Group NV now owns 69,023 shares of the company's stock worth $1,532,000 after acquiring an additional 3,568 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of SentinelOne by 31.3% during the 4th quarter. Pacer Advisors Inc. now owns 6,842 shares of the company's stock worth $152,000 after acquiring an additional 1,630 shares during the last quarter. Swedbank AB lifted its holdings in shares of SentinelOne by 8.0% during the 4th quarter. Swedbank AB now owns 2,700,000 shares of the company's stock worth $59,940,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Washington Capital Management Inc. bought a new stake in shares of SentinelOne during the 4th quarter worth $537,000. 90.87% of the stock is owned by institutional investors.

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.