SentinelOne (NYSE:S) Given New $15.00 Price Target at Barclays

Posted by on Jun 3rd, 2023

SentinelOne (NYSE:S – Get Rating) had its price target reduced by Barclays from $22.00 to $15.00 in a research report released on Friday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. BTIG Research lifted their price target on shares of SentinelOne from $20.00 to $25.00 in a research report on Wednesday. Citigroup cut their price objective on SentinelOne from $17.00 to $16.00 and set a neutral rating for the company in a research report on Friday, March 17th. Stephens started coverage on SentinelOne in a research report on Thursday, April 20th. They set an overweight rating and a $22.00 price objective for the company. Needham & Company LLC reiterated a buy rating and issued a $19.00 price target on shares of SentinelOne in a report on Monday, March 13th. Finally, Piper Sandler boosted their price target on SentinelOne from $16.00 to $18.00 in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $19.67.

SentinelOne Stock Down 35.1 %

Shares of S opened at $13.44 on Friday. SentinelOne has a twelve month low of $12.69 and a twelve month high of $30.00. The stock’s 50 day moving average is $17.52 and its two-hundred day moving average is $15.92.

SentinelOne (NYSE:S – Get Rating) last announced its quarterly earnings data on Thursday, June 1st. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. SentinelOne had a negative return on equity of 21.43% and a negative net margin of 82.90%. The company had revenue of $133.39 million for the quarter, compared to analyst estimates of $136.62 million. During the same quarter in the previous year, the company earned ($0.33) EPS. The firm’s revenue for the quarter was up 70.5% compared to the same quarter last year. As a group, analysts anticipate that SentinelOne will post -1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Keenan Michael Conder sold 1,724 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $16.57, for a total value of $28,566.68. Following the sale, the insider now owns 368,599 shares in the company, valued at approximately $6,107,685.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Keenan Michael Conder sold 1,724 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $16.57, for a total transaction of $28,566.68. Following the sale, the insider now owns 368,599 shares in the company, valued at $6,107,685.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 12,468 shares of the stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $17.89, for a total transaction of $223,052.52. Following the sale, the chief executive officer now owns 932,496 shares in the company, valued at approximately $16,682,353.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 476,537 shares of company stock worth $8,216,074. 5.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC grew its position in SentinelOne by 7.6% in the 3rd quarter. MetLife Investment Management LLC now owns 9,192 shares of the company’s stock worth $235,000 after purchasing an additional 648 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of SentinelOne by 3.8% in the first quarter. Commonwealth Equity Services LLC now owns 18,039 shares of the company’s stock valued at $295,000 after acquiring an additional 653 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of SentinelOne by 1.0% in the fourth quarter. Sei Investments Co. now owns 72,447 shares of the company’s stock valued at $1,057,000 after acquiring an additional 723 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of SentinelOne by 11.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,314 shares of the company’s stock valued at $107,000 after acquiring an additional 728 shares in the last quarter. Finally, CI Investments Inc. boosted its holdings in shares of SentinelOne by 6.4% in the third quarter. CI Investments Inc. now owns 12,401 shares of the company’s stock valued at $317,000 after acquiring an additional 748 shares in the last quarter. Institutional investors own 79.18% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.

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