SentinelOne (NYSE:S) Price Target Lowered to $22.00 at JMP Securities

Posted by Defense World Staff on Jun 3rd, 2023

SentinelOne (NYSE:S – Get Rating) had its price objective cut by JMP Securities from $26.00 to $22.00 in a research note issued to investors on Friday, The Fly reports.

Several other research firms have also recently weighed in on S. Raymond James initiated coverage on shares of SentinelOne in a research report on Wednesday, May 24th. They issued a strong-buy rating and a $25.00 price objective for the company. Morgan Stanley boosted their price objective on shares of SentinelOne from $16.00 to $22.00 in a research report on Wednesday. Canaccord Genuity Group initiated coverage on shares of SentinelOne in a research report on Thursday, February 9th. They issued a buy rating and a $20.00 price objective for the company. Citigroup cut their price target on SentinelOne from $17.00 to $16.00 and set a neutral rating on the stock in a research note on Friday, March 17th. Finally, Needham & Company LLC reissued a buy rating and issued a $19.00 price target on shares of SentinelOne in a research note on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $19.67.

SentinelOne Price Performance

Shares of S opened at $13.44 on Friday. SentinelOne has a one year low of $12.69 and a one year high of $30.00. The business’s 50 day simple moving average is $17.52 and its 200-day simple moving average is $15.92.

SentinelOne (NYSE:S – Get Rating) last posted its quarterly earnings data on Thursday, June 1st. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. SentinelOne had a negative net margin of 82.90% and a negative return on equity of 21.43%. The firm had revenue of $133.39 million during the quarter, compared to analysts’ expectations of $136.62 million. During the same quarter in the previous year, the company posted ($0.33) EPS. SentinelOne’s revenue was up 70.5% on a year-over-year basis. On average, sell-side analysts predict that SentinelOne will post -1.17 EPS for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 12,468 shares of SentinelOne stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $17.89, for a total value of $223,052.52. Following the sale, the chief executive officer now owns 932,496 shares of the company’s stock, valued at approximately $16,682,353.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Tomer Weingarten sold 12,468 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $17.89, for a total value of $223,052.52. Following the completion of the transaction, the chief executive officer now owns 932,496 shares in the company, valued at approximately $16,682,353.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 1,538 shares of the firm’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $17.22, for a total value of $26,484.36. Following the completion of the transaction, the chief financial officer now owns 391,887 shares of the company’s stock, valued at approximately $6,748,294.14. The disclosure for this sale can be found here. Insiders have sold 476,537 shares of company stock valued at $8,216,074 in the last 90 days. 5.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently bought and sold shares of S. CWM LLC lifted its position in SentinelOne by 450.4% during the fourth quarter. CWM LLC now owns 2,086 shares of the company’s stock worth $30,000 after acquiring an additional 1,707 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in SentinelOne during the third quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of SentinelOne in the first quarter valued at approximately $43,000. Advisors Asset Management Inc. acquired a new stake in shares of SentinelOne in the first quarter valued at approximately $43,000. Finally, Signaturefd LLC raised its position in shares of SentinelOne by 2,647.8% in the fourth quarter. Signaturefd LLC now owns 3,105 shares of the company’s stock valued at $45,000 after buying an additional 2,992 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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