Citigroup Trims SentinelOne (NYSE:S) Target Price to $16.00

SentinelOne (NYSE:S – Get Rating) had its target price decreased by Citigroup from $17.00 to $16.00 in a note issued to investors on Friday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 6.17% from the company’s previous close.

Several other analysts have also recently commented on S. Wedbush increased their price target on shares of SentinelOne from $19.00 to $22.00 in a research note on Wednesday. Cowen decreased their price target on shares of SentinelOne from $45.00 to $35.00 in a research note on Wednesday, December 7th. JPMorgan Chase & Co. assumed coverage on shares of SentinelOne in a research note on Tuesday, January 24th. They set an “overweight” rating and a $18.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of SentinelOne from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, DA Davidson reduced their price objective on shares of SentinelOne from $40.00 to $22.00 in a research note on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.79.

SentinelOne Stock Down 1.0 %

Shares of SentinelOne stock opened at $15.07 on Friday. SentinelOne has a 1-year low of $12.69 and a 1-year high of $42.84. The firm’s 50-day moving average price is $15.21 and its two-hundred day moving average price is $18.49.

SentinelOne (NYSE:S – Get Rating) last issued its quarterly earnings data on Tuesday, March 14th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. The firm had revenue of $126.10 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 92.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. Research analysts anticipate that SentinelOne will post -1.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SentinelOne news, CFO David J. Bernhardt sold 1,538 shares of SentinelOne stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $16.30, for a total value of $25,069.40. Following the sale, the chief financial officer now directly owns 94,876 shares in the company, valued at approximately $1,546,478.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other SentinelOne news, CFO David J. Bernhardt sold 1,538 shares of SentinelOne stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $16.30, for a total value of $25,069.40. Following the sale, the chief financial officer now directly owns 94,876 shares in the company, valued at approximately $1,546,478.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ric Smith sold 190,539 shares of SentinelOne stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $15.35, for a total transaction of $2,924,773.65. Following the completion of the sale, the insider now owns 568,855 shares in the company, valued at $8,731,924.25. The disclosure for this sale can be found here. Insiders have sold a total of 210,461 shares of company stock worth $3,237,014 over the last ninety days. Company insiders own 7.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Investment Managers International bought a new position in shares of SentinelOne in the 2nd quarter valued at about $88,000. Jump Financial LLC bought a new stake in shares of SentinelOne during the 3rd quarter worth about $406,000. Symmetry Investments LP bought a new stake in shares of SentinelOne during the 3rd quarter worth about $579,000. Almanack Investment Partners LLC. boosted its holdings in shares of SentinelOne by 315.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 281,893 shares of the company’s stock worth $6,577,000 after buying an additional 214,064 shares during the period. Finally, SQN Investors LP boosted its holdings in shares of SentinelOne by 10.9% during the 2nd quarter. SQN Investors LP now owns 1,121,337 shares of the company’s stock worth $26,161,000 after buying an additional 110,229 shares during the period. Institutional investors own 79.18% of the company’s stock.

SentinelOne Company Profile

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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.