Susquehanna Cuts SentinelOne (NYSE:S) Price Target to $24.00

SentinelOne (NYSE:S - Get Free Report) had its price objective lowered by equities researchers at Susquehanna from $25.00 to $24.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target would suggest a potential upside of 39.18% from the stock's current price.

Several other brokerages also recently commented on S. Jefferies Financial Group reduced their target price on SentinelOne from $25.00 to $23.00 and set a "buy" rating for the company in a report on Monday, March 31st. UBS Group decreased their target price on shares of SentinelOne from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday. DA Davidson cut their price target on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $19.00 price objective (down previously from $22.00) on shares of SentinelOne in a research note on Thursday. Finally, Stephens reiterated an "overweight" rating and set a $25.00 price objective on shares of SentinelOne in a research report on Tuesday, May 27th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Trading Down 2.1%

SentinelOne stock traded down $0.37 during midday trading on Thursday, reaching $17.24. 8,417,596 shares of the stock traded hands, compared to its average volume of 5,065,874. SentinelOne has a fifty-two week low of $15.36 and a fifty-two week high of $29.29. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of -18.34 and a beta of 0.81. The firm has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $21.49.

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

Insider Activity

In other news, CAO Robin Tomasello sold 6,378 shares of SentinelOne stock in a transaction on 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 of the company's stock, valued at approximately $4,509,891.75. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tomer Weingarten sold 81,619 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $19.59, for a total transaction of $1,598,916.21. Following the completion of the sale, the chief executive officer now directly owns 879,494 shares of the company's stock, valued at approximately $17,229,287.46. The trade was a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,914 shares of company stock valued at $7,830,519 over the last three months. Insiders own 4.33% of the company's stock.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently added to or reduced their stakes in S. Vanguard Group Inc. raised its position in shares of SentinelOne by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 31,199,885 shares of the company's stock valued at $567,214,000 after buying an additional 1,318,533 shares in the last quarter. Sylebra Capital LLC lifted its stake in SentinelOne by 10.0% during the first quarter. Sylebra Capital LLC now owns 10,573,052 shares of the company's stock worth $192,218,000 after purchasing an additional 959,771 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of SentinelOne by 6.4% in the 4th quarter. Eminence Capital LP now owns 6,533,894 shares of the company's stock valued at $145,052,000 after purchasing an additional 392,986 shares in the last quarter. Invesco Ltd. boosted its stake in SentinelOne by 18.4% in the fourth quarter. Invesco Ltd. now owns 5,788,022 shares of the company's stock valued at $128,494,000 after buying an additional 900,577 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of SentinelOne by 92.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,329,905 shares of the company's stock worth $96,898,000 after acquiring an additional 2,558,702 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company's stock.

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.