SentinelOne (NYSE:S) Shares Gap Down After Analyst Downgrade

SentinelOne, Inc. (NYSE:S - Get Free Report)'s share price gapped down before the market opened on Thursday after Susquehanna lowered their price target on the stock from $25.00 to $24.00. The stock had previously closed at $19.67, but opened at $16.95. Susquehanna currently has a positive rating on the stock. SentinelOne shares last traded at $17.17, with a volume of 5,261,289 shares traded.

Several other research firms have also issued reports on S. Piper Sandler reduced their price target on SentinelOne from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Sanford C. Bernstein reduced their price target on SentinelOne from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday. Canaccord Genuity Group reduced their price target on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reduced their price target on SentinelOne from $32.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Barclays reduced their price target on SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.77.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 81,619 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $19.59, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ric Smith sold 20,188 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $19.55, for a total value of $394,675.40. Following the completion of the transaction, the insider now directly owns 508,930 shares in the company, valued at $9,949,581.50. The trade was a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,914 shares of company stock worth $7,830,519 over the last 90 days. Company insiders own 4.33% of the company's stock.

Hedge Funds Weigh In On SentinelOne

Several institutional investors and hedge funds have recently made changes to their positions in S. CENTRAL TRUST Co acquired a new position in shares of SentinelOne in the first quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position in SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth acquired a new stake in SentinelOne during the fourth quarter worth approximately $28,000. Arlington Trust Co LLC acquired a new stake in SentinelOne during the fourth quarter worth approximately $33,000. Finally, Crewe Advisors LLC acquired a new stake in SentinelOne during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 90.87% of the company's stock.

SentinelOne Price Performance

The firm 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 of $18.50 and a 200-day moving average of $21.58.

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 business had revenue of $229.03 million for the quarter, compared to the consensus estimate of $228.39 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The business's quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts expect that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

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.