Wells Fargo & Company Lowers SentinelOne (NYSE:S) Price Target to $16.00

SentinelOne (NYSE:S – Get Rating) had its price target trimmed by Wells Fargo & Company from $18.00 to $16.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently commented on S. JPMorgan Chase & Co. began coverage on shares of SentinelOne in a research note on Tuesday, January 24th. They set an overweight rating and a $18.00 price objective for the company. The Goldman Sachs Group began coverage on shares of SentinelOne in a research note on Tuesday, February 14th. They set a neutral rating and a $17.00 price objective for the company. Cowen reduced their price objective on shares of SentinelOne from $45.00 to $35.00 in a research note on Wednesday, December 7th. Scotiabank started coverage on shares of SentinelOne in a report on Wednesday, January 18th. They issued a sector perform rating and a $13.00 target price on the stock. Finally, Citigroup dropped their target price on shares of SentinelOne from $30.00 to $17.00 in a report on Thursday, December 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has a consensus rating of Hold and a consensus price target of $20.79.

SentinelOne Stock Performance

Shares of SentinelOne stock opened at $15.07 on Wednesday. SentinelOne has a 52 week low of $12.69 and a 52 week high of $42.84. The firm has a fifty day moving average of $15.21 and a two-hundred day moving average of $18.43. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -11.08 and a beta of 0.50.

SentinelOne (NYSE:S – Get Rating) last announced its earnings results on Tuesday, March 14th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $126.10 million during the quarter, compared to analyst estimates of $124.69 million. SentinelOne had a negative net margin of 89.70% and a negative return on equity of 21.10%. The company’s revenue for the quarter was up 92.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS. As a group, research analysts forecast that SentinelOne will post -1.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tomer Weingarten sold 7,488 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $15.40, for a total transaction of $115,315.20. Following the sale, the chief executive officer now owns 251,939 shares in the company, valued at approximately $3,879,860.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO David J. Bernhardt sold 1,538 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $16.30, for a total transaction of $25,069.40. Following the sale, the chief financial officer now owns 94,876 shares in the company, valued at approximately $1,546,478.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 7,488 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $15.40, for a total transaction of $115,315.20. Following the sale, the chief executive officer now owns 251,939 shares in the company, valued at approximately $3,879,860.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 210,461 shares of company stock worth $3,237,014. Corporate insiders own 7.48% of the company’s stock.

Institutional Trading of SentinelOne

A number of hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its position in SentinelOne by 513.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 748,690 shares of the company’s stock valued at $10,923,000 after buying an additional 626,656 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of SentinelOne by 81.5% during the fourth quarter. Truist Financial Corp now owns 15,562 shares of the company’s stock worth $227,000 after purchasing an additional 6,989 shares during the period. Financial Advocates Investment Management acquired a new position in shares of SentinelOne during the fourth quarter worth $532,000. Point72 Middle East FZE acquired a new position in shares of SentinelOne during the fourth quarter worth $2,426,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of SentinelOne by 5.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 97,886 shares of the company’s stock worth $1,428,000 after purchasing an additional 5,101 shares during the period. Institutional investors and hedge funds own 79.18% of the company’s stock.

About SentinelOne

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SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. The company's Extended Detection and Response (XDR) data stack that fuses together the data, access, control, and integration planes of endpoint protection platform, endpoint detection and response, cloud workload protection platform, and IoT security into a centralized platform.