SentinelOne (NYSE:S) Lowered to Hold Rating by UBS Group

UBS Group cut shares of SentinelOne (NYSE:S) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on S. Canaccord Genuity Group lowered their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, December 5th. Wedbush dropped their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of SentinelOne in a research report on Friday, December 12th. Guggenheim reiterated a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a report on Friday, December 5th. Finally, JPMorgan Chase & Co. cut their target price on SentinelOne from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.03.

SentinelOne Price Performance

Shares of SentinelOne stock opened at $14.23 on Tuesday. The company has a market capitalization of $4.83 billion, a P/E ratio of -11.38 and a beta of 0.77. The business has a 50-day moving average of $15.53 and a two-hundred day moving average of $17.01. SentinelOne has a 1 year low of $14.15 and a 1 year high of $25.24.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.25) EPS. On average, equities analysts anticipate that SentinelOne will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $14.58, for a total transaction of $124,061.22. Following the transaction, the chief accounting officer directly owned 285,551 shares in the company, valued at approximately $4,163,333.58. This trade represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the transaction, the insider directly owned 560,589 shares in the company, valued at $8,307,928.98. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 361,394 shares of company stock worth $5,558,207 in the last three months. 4.33% of the stock is owned by corporate insiders.

Institutional Trading of SentinelOne

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of SentinelOne during the 2nd quarter valued at approximately $65,371,000. Cooper Creek Partners Management LLC purchased a new position in SentinelOne in the third quarter valued at approximately $41,416,000. Vanguard Group Inc. grew its holdings in SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after purchasing an additional 2,191,321 shares during the period. AQR Capital Management LLC increased its position in SentinelOne by 92.6% in the second quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock worth $77,264,000 after buying an additional 2,051,980 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of SentinelOne by 526.4% in the third quarter. Marshall Wace LLP now owns 2,269,748 shares of the company’s stock valued at $39,970,000 after buying an additional 1,907,376 shares during the period. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.