SentinelOne (NYSE:S) Shares Down 8.6% – Here’s Why

SentinelOne, Inc. (NYSE:S) dropped 8.6% during trading on Friday. The company traded as low as $21.41 and last traded at $21.37. 3,825,500 shares were traded during trading, a decline of 54% from the average session volume of 8,363,323 shares. The stock had previously closed at $23.37.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of SentinelOne from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $21.00 to $25.00 in a report on Thursday, September 17th. Citizens Jmp upped their target price on SentinelOne from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, August 28th. Scotiabank reiterated an “outperform” rating on shares of SentinelOne in a report on Friday, August 28th. TD Cowen boosted their target price on shares of SentinelOne from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Finally, UBS Group upped their target price on SentinelOne from $16.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Seventeen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.05.

SentinelOne Stock Performance

The company has a market capitalization of $7.39 billion, a P/E ratio of -21.03 and a beta of 0.70. The company has a 50-day simple moving average of $22.52 and a 200 day simple moving average of $18.52.

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

Insider Buying and Selling

In other news, insider Ana Pinczuk sold 16,042 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $25.33, for a total value of $406,343.86. Following the completion of the transaction, the insider directly owned 721,674 shares of the company’s stock, valued at approximately $18,280,002.42. This represents a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Robin Tomasello sold 13,311 shares of SentinelOne stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $19.95, for a total value of $265,554.45. Following the transaction, the chief accounting officer directly owned 405,112 shares of the company’s stock, valued at approximately $8,081,984.40. The trade was a 3.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 915,183 shares of company stock worth $21,151,124. Insiders own 4.27% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in SentinelOne in the second quarter worth about $59,607,000. Wellington Management Group LLP boosted its stake in shares of SentinelOne by 216.0% during the 2nd quarter. Wellington Management Group LLP now owns 5,015,311 shares of the company’s stock worth $85,110,000 after buying an additional 3,428,192 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of SentinelOne during the 1st quarter worth approximately $17,434,000. Assenagon Asset Management S.A. raised its position in SentinelOne by 81.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,846,844 shares of the company’s stock worth $43,881,000 after acquiring an additional 831,026 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in SentinelOne by 1,427.5% in the 2nd quarter. Squarepoint Ops LLC now owns 856,528 shares of the company’s stock valued at $14,535,000 after purchasing an additional 800,455 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

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