UBS Group Lowers SentinelOne (NYSE:S) Price Target to $19.00

SentinelOne (NYSE:S - Free Report) had its price objective reduced by UBS Group from $21.00 to $19.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on S. Scotiabank dropped their price target on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Roth Mkm assumed coverage on shares of SentinelOne in a research note on Wednesday, April 23rd. They set a "buy" rating and a $26.00 target price for the company. Morgan Stanley lowered their price objective on shares of SentinelOne from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 target price (down previously from $22.00) on shares of SentinelOne in a research note on Thursday. Finally, Barclays reduced their price target on shares of SentinelOne from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.77.

SentinelOne Stock Up 1.6%

SentinelOne stock traded up $0.27 during trading hours on Thursday, hitting $17.66. The stock had a trading volume of 9,093,528 shares, compared to its average volume of 5,141,173. The stock has a market capitalization of $5.82 billion, a P/E ratio of -18.79 and a beta of 0.81. SentinelOne has a 12-month low of $14.33 and a 12-month high of $29.29. The stock's 50-day moving average price is $18.50 and its 200-day moving average price is $21.58.

SentinelOne (NYSE:S - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.02 earnings per share (EPS) 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 business had revenue of $229.03 million during the quarter, compared to analysts' expectations of $228.39 million. The firm's revenue for the quarter was up 22.9% compared to the same quarter last year. On average, research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 39,477 shares of the firm'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 sale, the chief executive officer now directly owns 900,249 shares in the company, valued at approximately $17,599,867.95. This trade represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ric Smith sold 31,659 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $19.10, for a total value of $604,686.90. Following the completion of the sale, the insider now owns 477,271 shares in the company, valued at $9,115,876.10. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC grew its stake in SentinelOne by 1.4% during the 4th quarter. Guggenheim Capital LLC now owns 34,396 shares of the company's stock valued at $764,000 after acquiring an additional 478 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock valued at $27,000 after purchasing an additional 556 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of SentinelOne by 2.5% during the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company's stock worth $470,000 after buying an additional 641 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of SentinelOne by 4.6% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 16,425 shares of the company's stock worth $365,000 after buying an additional 724 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of SentinelOne by 94.0% during the first quarter. Parallel Advisors LLC now owns 1,944 shares of the company's stock worth $35,000 after buying an additional 942 shares during the last quarter. 90.87% of the stock is currently 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.