SentinelOne (NYSE:S) Price Target Lowered to $18.00 at Bank of America

SentinelOne (NYSE:S) had its target price cut by investment analysts at Bank of America from $19.00 to $18.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s target price would suggest a potential upside of 6.19% from the company’s current price.

S has been the topic of a number of other research reports. Scotiabank boosted their price objective on SentinelOne from $18.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Friday, August 29th. Needham & Company LLC lowered their target price on SentinelOne from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday. New Street Research set a $23.00 price target on SentinelOne in a research report on Friday, August 29th. DA Davidson upped their price target on SentinelOne from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of SentinelOne in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.11.

SentinelOne Stock Performance

Shares of NYSE:S opened at $16.95 on Friday. The stock has a 50-day simple moving average of $17.00 and a 200-day simple moving average of $17.71. The stock has a market capitalization of $5.65 billion, a P/E ratio of -12.84 and a beta of 0.76. SentinelOne has a 1 year low of $15.17 and a 1 year high of $26.64.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. SentinelOne had a negative net margin of 47.32% and a negative return on equity of 16.24%. The company had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the firm earned ($0.25) earnings per share. SentinelOne’s revenue for the quarter was up 22.9% on a year-over-year basis. Analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity at SentinelOne

In other news, CEO Tomer Weingarten sold 162,794 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $18.38, for a total transaction of $2,992,153.72. Following the transaction, the chief executive officer owned 1,298,982 shares of the company’s stock, valued at approximately $23,875,289.16. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Barbara A. Larson sold 54,583 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $18.13, for a total value of $989,589.79. Following the completion of the sale, the chief financial officer directly owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. This represents a 9.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 481,090 shares of company stock worth $8,637,206 over the last 90 days. Company insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in S. Allworth Financial LP raised its position in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC acquired a new position in SentinelOne in the third quarter worth $26,000. Danske Bank A S bought a new stake in SentinelOne during the third quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in SentinelOne during the second quarter valued at $29,000. Finally, MAI Capital Management raised its holdings in shares of SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 90.87% of the company’s stock.

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.