Needham & Company LLC Cuts SentinelOne (NYSE:S) Price Target to $21.00

SentinelOne (NYSE:S) had its target price lowered by research analysts at Needham & Company LLC from $23.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 23.89% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Guggenheim reiterated a “buy” rating and issued a $28.00 price target on shares of SentinelOne in a research report on Friday, August 29th. Sanford C. Bernstein upped their target price on shares of SentinelOne from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays cut their price target on SentinelOne from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Oppenheimer restated an “outperform” rating on shares of SentinelOne in a research report on Friday. Finally, JMP Securities set a $23.00 price objective on SentinelOne in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.11.

SentinelOne Stock Performance

NYSE:S opened at $16.95 on Friday. The stock has a 50-day simple moving average of $17.00 and a two-hundred day simple moving average of $17.71. The firm has a market capitalization of $5.65 billion, a PE ratio of -12.84 and a beta of 0.76. SentinelOne has a 52-week low of $15.17 and a 52-week high of $26.64.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative return on equity of 16.24% and a negative net margin of 47.32%.The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.25) EPS. Equities analysts forecast that SentinelOne will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at SentinelOne

In related news, insider Keenan Michael Conder sold 5,871 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.56, for a total value of $97,223.76. Following the sale, the insider directly owned 573,536 shares in the company, valued at approximately $9,497,756.16. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 3,476 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $16.56, for a total value of $57,562.56. Following the transaction, the chief accounting officer directly owned 294,060 shares of the company’s stock, valued at approximately $4,869,633.60. The trade was a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 481,090 shares of company stock valued at $8,637,206. 4.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rafferty Asset Management LLC raised its stake in SentinelOne by 2.5% during the first quarter. Rafferty Asset Management LLC now owns 25,868 shares of the company’s stock valued at $470,000 after purchasing an additional 641 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in SentinelOne by 25.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,442 shares of the company’s stock worth $63,000 after buying an additional 692 shares during the last quarter. Allworth Financial LP boosted its stake in SentinelOne by 102.4% during the third quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after buying an additional 726 shares during the period. Mission Creek Capital Partners Inc. boosted its stake in SentinelOne by 1.7% during the second quarter. Mission Creek Capital Partners Inc. now owns 45,958 shares of the company’s stock worth $840,000 after buying an additional 760 shares during the period. Finally, Main Management ETF Advisors LLC increased its position in SentinelOne by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 46,909 shares of the company’s stock valued at $857,000 after acquiring an additional 768 shares during the last quarter. 90.87% of the stock is owned by hedge funds and other institutional investors.

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.