SentinelOne (NYSE:S) Stock Price Down 2.3% – Should You Sell?

SentinelOne, Inc. (NYSE:S)’s share price dropped 2.3% on Tuesday . The stock traded as low as $13.55 and last traded at $13.5750. Approximately 6,842,064 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 7,318,291 shares. The stock had previously closed at $13.90.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $17.00 target price (down previously from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. UBS Group lowered SentinelOne from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Westpark Capital reissued a “buy” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, December 5th. Citigroup decreased their target price on SentinelOne from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Finally, Oppenheimer dropped their price objective on SentinelOne from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SentinelOne has an average rating of “Moderate Buy” and a consensus target price of $22.03.

SentinelOne Stock Down 2.3%

The company’s fifty day simple moving average is $15.36 and its 200 day simple moving average is $16.91. The firm has a market capitalization of $4.61 billion, a PE ratio of -10.86 and a beta of 0.77.

SentinelOne (NYSE:S) last issued its quarterly earnings results 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. SentinelOne had a negative return on equity of 14.95% and a negative net margin of 43.04%.The firm had revenue of $258.91 million during the quarter, compared to the consensus estimate of $256.19 million. During the same period last year, the company earned ($0.25) earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. Equities research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In related news, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the sale, the insider owned 560,589 shares of the company’s stock, valued at approximately $8,307,928.98. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robin Tomasello sold 8,509 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total transaction of $124,061.22. Following the completion of the transaction, the chief accounting officer directly owned 285,551 shares of the company’s stock, valued at approximately $4,163,333.58. This trade represents a 2.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 361,394 shares of company stock worth $5,558,207 in the last quarter. 4.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of S. Vanguard Group Inc. increased its holdings in shares of SentinelOne by 6.5% during the third quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock valued at $634,179,000 after acquiring an additional 2,191,321 shares in the last quarter. First Trust Advisors LP boosted its stake in SentinelOne by 20.0% during the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock worth $174,683,000 after buying an additional 1,589,845 shares during the last quarter. Legal & General Group Plc boosted its holdings in SentinelOne by 16.0% in the 3rd quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock valued at $144,505,000 after purchasing an additional 1,132,121 shares during the last quarter. Eminence Capital LP raised its holdings in SentinelOne by 24.9% in the 2nd quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock valued at $129,209,000 after buying an additional 1,407,764 shares during the period. Finally, State Street Corp lifted its stake in SentinelOne by 4.7% during the second quarter. State Street Corp now owns 5,615,912 shares of the company’s stock worth $102,659,000 after purchasing an additional 251,076 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.