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

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

A number of other analysts have also recently weighed in on S. Scotiabank reduced their target price on shares of SentinelOne from $26.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, March 13th. Westpark Capital reduced their price objective on SentinelOne from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday. Canaccord Genuity Group decreased their target price on SentinelOne from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Jefferies Financial Group cut their price objective on SentinelOne from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, DA Davidson decreased their price objective on shares of SentinelOne from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday. 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. Based on data from MarketBeat, SentinelOne presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.77.

SentinelOne Trading Down 2.1%

S traded down $0.37 on Thursday, reaching $17.24. The company had a trading volume of 8,417,596 shares, compared to its average volume of 5,065,874. The company has a market capitalization of $5.68 billion, a P/E ratio of -18.34 and a beta of 0.81. The company has a fifty day moving average of $18.50 and a 200-day moving average of $21.49. SentinelOne has a one year low of $15.36 and a one year high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.02 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 firm had revenue of $229.03 million for the quarter, compared to analysts' expectations of $228.39 million. SentinelOne's revenue for the quarter was up 22.9% on a year-over-year basis. Research analysts predict that SentinelOne will post -0.76 EPS for the current year.

Insider Activity

In other SentinelOne news, insider Ric Smith sold 20,188 shares of the business's stock in a transaction 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 sale, the insider now owns 508,930 shares of the company's stock, valued at $9,949,581.50. The trade was a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Barbara A. Larson sold 10,172 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $19.77, for a total transaction of $201,100.44. Following the transaction, the chief financial officer now directly owns 473,223 shares of the company's stock, valued at $9,355,618.71. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,914 shares of company stock valued at $7,830,519. 4.33% of the stock is owned by insiders.

Institutional Trading of SentinelOne

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