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

SentinelOne, Inc. (NYSE:S - Get Free Report) shares 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.

Several other research analysts have also recently issued reports on the stock. Needham & Company LLC cut their price target on shares of SentinelOne from $32.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Morgan Stanley reduced 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. Sanford C. Bernstein reduced their target price on SentinelOne from $27.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday. DA Davidson reduced their target price on SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $24.00 target price on shares of SentinelOne in a report on Friday, May 23rd. Ten equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.77.

Insider Buying and Selling

In related news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $19.55, for a total transaction of $124,689.90. Following the completion of the sale, the chief accounting officer now owns 230,685 shares in the company, valued at approximately $4,509,891.75. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Barbara A. Larson sold 10,172 shares of SentinelOne stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total value of $201,100.44. Following the sale, the chief financial officer now owns 473,223 shares of the company's stock, valued at approximately $9,355,618.71. This represents a 2.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,914 shares of company stock worth $7,830,519 in the last ninety days. Insiders own 4.33% of the company's stock.

Institutional Trading of SentinelOne

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

SentinelOne Trading Down 2.5%

The stock has a market capitalization of $5.66 billion, a PE ratio of -18.26 and a beta of 0.81. The company's 50 day simple moving average is $18.50 and its 200 day simple moving average is $21.49.

SentinelOne (NYSE:S - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne's revenue was up 22.9% compared to the same quarter last year. As a group, analysts predict that SentinelOne, Inc. will post -0.76 EPS for the current year.

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.