SentinelOne (NYSE:S) Stock Price Down 6% – What’s Next?

SentinelOne, Inc. (NYSE:S) fell 6% on Friday. The company traded as low as $22.64 and last traded at $22.5350. Approximately 6,691,465 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 8,128,108 shares. The stock had previously closed at $23.98.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Susquehanna raised their price target on SentinelOne from $20.00 to $28.00 and gave the stock a “positive” rating in a research report on Monday, August 31st. DA Davidson cut their target price on shares of SentinelOne from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Raymond James Financial downgraded shares of SentinelOne from a “strong-buy” rating to a “market perform” rating and set a $18.00 target price on the stock. in a research note on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. Finally, UBS Group increased their price target on shares of SentinelOne from $16.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.64.

SentinelOne Trading Down 6.4%

The business has a fifty day simple moving average of $20.94 and a two-hundred day simple moving average of $17.42. The stock has a market cap of $7.81 billion, a PE ratio of -22.19 and a beta of 0.77.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative return on equity of 15.73% and a negative net margin of 30.95%.The business had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same quarter last year, the firm posted ($0.22) earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. On average, research analysts predict that SentinelOne, Inc. will post -0.46 earnings per share for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, insider Ana Pinczuk sold 16,042 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $17.89, for a total value of $286,991.38. Following the sale, the insider directly owned 743,946 shares of the company’s stock, valued at approximately $13,309,193.94. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 21,440 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.67, for a total transaction of $421,724.80. Following the completion of the transaction, the chief accounting officer owned 418,423 shares in the company, valued at approximately $8,230,380.41. The trade was a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 445,756 shares of company stock valued at $8,621,569 in the last ninety days. Corporate insiders own 4.27% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Several hedge funds and other institutional investors have recently bought and sold shares of S. Engineers Gate Manager LP lifted its holdings in shares of SentinelOne by 431.2% during the 2nd quarter. Engineers Gate Manager LP now owns 331,082 shares of the company’s stock valued at $5,618,000 after buying an additional 268,751 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of SentinelOne by 44.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company’s stock valued at $1,293,000 after acquiring an additional 23,561 shares during the period. NewEdge Advisors LLC increased its stake in shares of SentinelOne by 33.8% in the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock worth $383,000 after purchasing an additional 5,709 shares in the last quarter. IFP Advisors Inc increased its stake in SentinelOne by 110.1% in the 2nd quarter. IFP Advisors Inc now owns 15,847 shares of the company’s stock worth $269,000 after buying an additional 8,306 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of SentinelOne by 1,427.5% during the second quarter. Squarepoint Ops LLC now owns 856,528 shares of the company’s stock worth $14,535,000 after purchasing an additional 800,455 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company that develops artificial intelligence-powered software for protecting enterprises, governments and other organizations from cyber threats. Its Singularity Platform is designed to secure endpoints, cloud workloads, identities and enterprise data while helping customers detect, investigate and respond to attacks.

The company’s offerings include endpoint protection and detection, cloud security, identity security, managed detection and response, and security operations tools.