SentinelOne (NYSE:S) Price Target Cut to $27.00 by Analysts at Morgan Stanley

SentinelOne (NYSE:S) had its target price lowered by stock analysts at Morgan Stanley from $29.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 18.58% from the stock’s previous close.

S has been the subject of a number of other research reports. Westpark Capital reissued a “buy” rating and set a $34.00 price target on shares of SentinelOne in a research report on Tuesday, December 3rd. Jefferies Financial Group upgraded SentinelOne from a “hold” rating to a “buy” rating and raised their target price for the company from $27.00 to $30.00 in a research note on Thursday, December 19th. Barclays lowered their price target on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Susquehanna boosted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.48.

SentinelOne Stock Down 1.4 %

SentinelOne stock opened at $22.77 on Wednesday. The firm has a market capitalization of $7.32 billion, a PE ratio of -24.22 and a beta of 0.75. The firm’s 50-day simple moving average is $23.15 and its 200 day simple moving average is $24.29. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29.

SentinelOne (NYSE:S) last posted its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The business had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the company posted ($0.21) EPS. On average, research analysts expect that SentinelOne will post -0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $21,612,038.64. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ric Smith sold 2,341 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.95, for a total value of $56,066.95. Following the transaction, the insider now owns 529,118 shares in the company, valued at approximately $12,672,376.10. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 357,341 shares of company stock worth $8,423,765. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

A number of hedge funds have recently modified their holdings of S. Marshall Wace LLP raised its position in shares of SentinelOne by 715.4% during the fourth quarter. Marshall Wace LLP now owns 4,794,908 shares of the company’s stock worth $106,447,000 after purchasing an additional 4,206,900 shares during the period. Champlain Investment Partners LLC acquired a new stake in SentinelOne in the 3rd quarter valued at approximately $80,604,000. Norges Bank acquired a new stake in SentinelOne in the 4th quarter valued at approximately $73,528,000. Point72 Asset Management L.P. acquired a new stake in SentinelOne in the 4th quarter valued at approximately $63,120,000. Finally, Sylebra Capital LLC raised its position in SentinelOne by 33.7% in the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company’s stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

SentinelOne Company Profile

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.