SentinelOne (NYSE:S) Downgraded to “Neutral” at BTIG Research

Posted by Defense World Staff on Jun 3rd, 2023

BTIG Research downgraded shares of SentinelOne (NYSE:S – Get Rating) from a buy rating to a neutral rating in a research note released on Friday, The Fly reports.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group began coverage on shares of SentinelOne in a research report on Tuesday, February 14th. They issued a neutral rating and a $17.00 price objective on the stock. Wedbush lifted their target price on shares of SentinelOne from $19.00 to $22.00 in a research note on Wednesday, March 15th. Raymond James initiated coverage on shares of SentinelOne in a research note on Wednesday, May 24th. They issued a strong-buy rating and a $25.00 target price for the company. Morgan Stanley lifted their target price on shares of SentinelOne from $16.00 to $22.00 in a research note on Wednesday. Finally, Stephens initiated coverage on shares of SentinelOne in a research note on Thursday, April 20th. They issued an overweight rating and a $22.00 target price for the company. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has an average rating of Hold and an average target price of $19.67.

SentinelOne Price Performance

S opened at $13.44 on Friday. The company’s 50-day moving average is $17.52 and its 200 day moving average is $15.92. SentinelOne has a fifty-two week low of $12.69 and a fifty-two week high of $30.00.

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 the consensus estimate of ($0.17) by $0.02. The business had revenue of $133.39 million for the quarter, compared to analyst estimates of $136.62 million. SentinelOne had a negative net margin of 82.90% and a negative return on equity of 21.43%. The company’s revenue for the quarter was up 70.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. On average, equities research analysts anticipate that SentinelOne will post -1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ric Smith sold 115,752 shares of the business’s stock in a transaction that occurred on 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 directly owns 562,702 shares in the company, valued at approximately $11,479,120.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Ric Smith sold 115,752 shares of the business’s stock in a transaction that occurred on 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 directly owns 562,702 shares in the company, valued at approximately $11,479,120.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tomer Weingarten sold 10,061 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $17.94, for a total transaction of $180,494.34. Following the completion of the sale, the chief executive officer now owns 912,491 shares of the company’s stock, valued at $16,370,088.54. The disclosure for this sale can be found here. Insiders sold a total of 476,537 shares of company stock valued at $8,216,074 in the last quarter. Corporate insiders own 5.93% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. Price T Rowe Associates Inc. MD raised its holdings in SentinelOne by 72.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,317,055 shares of the company’s stock valued at $369,376,000 after buying an additional 10,656,778 shares during the last quarter. Sylebra Capital Ltd purchased a new position in SentinelOne during the 1st quarter valued at $171,765,000. Vanguard Group Inc. increased its position in SentinelOne by 239.0% during the 1st quarter. Vanguard Group Inc. now owns 11,516,251 shares of the company’s stock valued at $446,140,000 after purchasing an additional 8,119,008 shares during the period. First Trust Advisors LP purchased a new position in SentinelOne during the 1st quarter valued at $184,096,000. Finally, Point72 Asset Management L.P. increased its position in SentinelOne by 6,412.4% during the 4th quarter. Point72 Asset Management L.P. now owns 3,497,172 shares of the company’s stock valued at $51,024,000 after purchasing an additional 3,443,472 shares during the period. 79.18% of the stock is currently owned by institutional investors.

SentinelOne Company Profile

(Get Rating)

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.

Featured Stories

Analyst Recommendations for SentinelOne (NYSE:S)

Receive News & Ratings for SentinelOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SentinelOne and related companies with MarketBeat.com's FREE daily email newsletter.