SentinelOne (NYSE:S) Price Target Lowered to $27.00 at Morgan Stanley

SentinelOne (NYSE:S) had its price objective lowered by equities researchers at Morgan Stanley from $29.00 to $27.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 10.86% from the company’s current price.

Several other research firms have also weighed in on S. JPMorgan Chase & Co. lifted their price objective on shares of SentinelOne from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Robert W. Baird boosted their price target on shares of SentinelOne from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Cantor Fitzgerald started coverage on shares of SentinelOne in a research note on Thursday, January 9th. They set an “overweight” rating and a $30.00 price target for the company. Barclays decreased their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Finally, Citigroup decreased their price target on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.48.

SentinelOne Stock Performance

SentinelOne stock opened at $24.36 on Wednesday. SentinelOne has a 52-week low of $14.33 and a 52-week high of $29.49. The firm has a 50 day moving average price of $23.19 and a two-hundred day moving average price of $24.31. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of -25.91 and a beta of 0.75.

SentinelOne (NYSE:S) last released its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.22). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) EPS. As a group, equities research analysts predict that SentinelOne will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ric Smith sold 41,170 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the sale, the insider now directly owns 531,459 shares in the company, valued at $12,744,386.82. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tomer Weingarten sold 82,116 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the sale, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,658,092.02. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 357,341 shares of company stock valued at $8,423,765. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On SentinelOne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waldron Private Wealth LLC bought a new position in shares of SentinelOne in the third quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its position in shares of SentinelOne by 86.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock worth $27,000 after purchasing an additional 556 shares during the last quarter. Avion Wealth bought a new position in shares of SentinelOne in the fourth quarter worth approximately $28,000. Crewe Advisors LLC bought a new position in shares of SentinelOne in the fourth quarter worth approximately $33,000. Finally, Arlington Trust Co LLC bought a new position in shares of SentinelOne in the fourth quarter worth approximately $33,000. 90.87% of the stock is currently owned by institutional investors.

About SentinelOne

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.