SentinelOne (NYSE:S) Hits New 1-Year Low – Here’s What Happened

Shares of SentinelOne, Inc. (NYSE:S) hit a new 52-week low during trading on Tuesday . The company traded as low as $13.68 and last traded at $13.7350, with a volume of 894001 shares traded. The stock had previously closed at $13.90.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on S. Guggenheim reaffirmed a “buy” rating and set a $28.00 target price on shares of SentinelOne in a research report on Friday, December 5th. UBS Group downgraded shares of SentinelOne from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of SentinelOne from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Rosenblatt Securities reissued a “buy” rating and set a $24.00 target price on shares of SentinelOne in a research report on Friday, December 5th. Finally, TD Cowen lowered their price target on SentinelOne from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.03.

SentinelOne Stock Performance

The firm has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $16.91. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of -10.90 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.25) earnings per share. Analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Robin Tomasello sold 8,509 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the sale, the chief accounting officer owned 285,551 shares in the company, valued at $4,163,333.58. The trade was a 2.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ana G. Pinczuk sold 11,900 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the transaction, the insider owned 560,589 shares in the company, valued at approximately $8,307,928.98. This trade represents a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 361,394 shares of company stock valued at $5,558,207. Company insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in SentinelOne during the second quarter worth about $65,371,000. Cooper Creek Partners Management LLC acquired a new position in shares of SentinelOne in the 3rd quarter valued at approximately $41,416,000. Vanguard Group Inc. raised its position in shares of SentinelOne by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after buying an additional 2,191,321 shares in the last quarter. AQR Capital Management LLC raised its position in shares of SentinelOne by 92.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,268,733 shares of the company’s stock valued at $77,264,000 after buying an additional 2,051,980 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of SentinelOne by 526.4% during the 3rd quarter. Marshall Wace LLP now owns 2,269,748 shares of the company’s stock worth $39,970,000 after acquiring an additional 1,907,376 shares during the period. 90.87% of the stock is owned by institutional investors and hedge funds.

SentinelOne Company Profile

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.