SentinelOne (NYSE:S) Downgraded to Neutral at DA Davidson

Posted by Defense World Staff on Jun 3rd, 2023

DA Davidson lowered shares of SentinelOne (NYSE:S – Get Rating) from a buy rating to a neutral rating in a research report released on Friday morning, The Fly reports. They currently have $13.50 price objective on the stock, down from their prior price objective of $22.00.

Other equities research analysts have also recently issued research reports about the company. Raymond James began coverage on SentinelOne in a research note on Wednesday, May 24th. They set a strong-buy rating and a $25.00 target price for the company. BTIG Research boosted their price objective on SentinelOne from $20.00 to $25.00 in a research note on Wednesday. Stephens started coverage on SentinelOne in a research note on Thursday, April 20th. They issued an overweight rating and a $22.00 price objective for the company. Wedbush boosted their price objective on SentinelOne from $19.00 to $22.00 in a research note on Wednesday, March 15th. Finally, Westpark Capital upped their price target on SentinelOne from $20.00 to $25.00 in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $19.67.

SentinelOne Price Performance

Shares of SentinelOne stock 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 has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $15.92.

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

Insider Buying and Selling

In other news, insider Ric Smith sold 115,752 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $20.40, for a total value of $2,361,340.80. Following the transaction, the insider now directly owns 562,702 shares in the company, valued at approximately $11,479,120.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Robin Tomasello sold 1,744 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $16.57, for a total value of $28,898.08. Following the transaction, the chief accounting officer now directly owns 162,598 shares in the company, valued at approximately $2,694,248.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ric Smith sold 115,752 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $20.40, for a total value of $2,361,340.80. Following the completion of the sale, the insider now owns 562,702 shares of the company’s stock, valued at approximately $11,479,120.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 476,537 shares of company stock worth $8,216,074. 5.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On SentinelOne

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of SentinelOne by 71.2% in the first quarter. Ameriprise Financial Inc. now owns 155,856 shares of the company’s stock valued at $2,550,000 after buying an additional 64,830 shares in the last quarter. JPMorgan Chase & Co. grew its stake in SentinelOne by 30.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,176,548 shares of the company’s stock valued at $51,969,000 after purchasing an additional 746,892 shares in the last quarter. Advisory Services Network LLC grew its stake in SentinelOne by 106.5% during the 1st quarter. Advisory Services Network LLC now owns 4,926 shares of the company’s stock valued at $81,000 after purchasing an additional 2,541 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in SentinelOne by 8.8% during the 1st quarter. Rockefeller Capital Management L.P. now owns 814,887 shares of the company’s stock valued at $13,331,000 after purchasing an additional 66,197 shares in the last quarter. Finally, Sylebra Capital Ltd acquired a new stake in SentinelOne during the 1st quarter valued at approximately $171,765,000. Institutional investors and hedge funds 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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