SentinelOne (NYSE:S) Shares Gap Down – What’s Next?

SentinelOne, Inc. (NYSE:S) shares gapped down before the market opened on Friday . The stock had previously closed at $27.36, but opened at $26.56. SentinelOne shares last traded at $26.57, with a volume of 419,014 shares.

Analysts Set New Price Targets

S has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a “hold” rating to a “buy” rating and upped their price target for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Scotiabank upped their target price on shares of SentinelOne from $18.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 28th. Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a research note on Thursday, October 17th. Needham & Company LLC started coverage on shares of SentinelOne in a report on Thursday, October 17th. They set a “buy” rating and a $32.00 price target for the company. Finally, Westpark Capital restated a “buy” rating and issued a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.73.

SentinelOne Trading Down 4.6 %

The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -28.08 and a beta of 0.65. The business’s fifty day moving average price is $25.12 and its 200 day moving average price is $22.55.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The company had revenue of $198.94 million for the quarter, compared to analyst estimates of $197.32 million. During the same period in the previous year, the business posted ($0.26) earnings per share. SentinelOne’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, sell-side analysts forecast that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SentinelOne

In other news, CEO Tomer Weingarten sold 82,116 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.60, for a total value of $1,773,705.60. Following the completion of the sale, the chief executive officer now directly owns 1,039,497 shares of the company’s stock, valued at $22,453,135.20. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Bernhardt sold 11,222 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total value of $240,150.80. Following the transaction, the chief financial officer now directly owns 477,781 shares in the company, valued at $10,224,513.40. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 432,125 shares of company stock valued at $10,367,734 in the last ninety days. Insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

A number of institutional investors have recently added to or reduced their stakes in S. SG Americas Securities LLC boosted its position in SentinelOne by 85.0% during the first quarter. SG Americas Securities LLC now owns 14,811 shares of the company’s stock worth $345,000 after purchasing an additional 6,805 shares in the last quarter. Sei Investments Co. increased its holdings in SentinelOne by 41.8% during the 1st quarter. Sei Investments Co. now owns 132,105 shares of the company’s stock valued at $3,079,000 after acquiring an additional 38,967 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in SentinelOne by 26.9% during the 1st quarter. Russell Investments Group Ltd. now owns 288,020 shares of the company’s stock valued at $6,714,000 after acquiring an additional 61,076 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SentinelOne by 18.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,583 shares of the company’s stock valued at $7,286,000 after purchasing an additional 47,900 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of SentinelOne in the first quarter valued at approximately $478,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.

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.