UBS Group Downgrades SentinelOne (NYSE:S) to Neutral

SentinelOne (NYSE:S) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Marketbeat reports. They presently have a $25.00 price target on the stock, down from their prior price target of $30.00. UBS Group’s price objective suggests a potential upside of 12.54% from the company’s current price.

S has been the subject of several other research reports. Cantor Fitzgerald initiated coverage on SentinelOne in a research report on Thursday, January 9th. They issued an “overweight” rating and a $30.00 price objective for the company. Westpark Capital reiterated a “buy” rating and set a $34.00 price target on shares of SentinelOne in a report on Tuesday, December 3rd. Guggenheim reissued a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a report on Thursday, December 5th. Barclays decreased their price objective on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Wedbush upgraded shares of SentinelOne to a “strong-buy” rating in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Stock Performance

S stock opened at $22.22 on Wednesday. The firm has a market cap of $7.14 billion, a P/E ratio of -23.63 and a beta of 0.74. The firm’s fifty day moving average is $24.84 and its 200 day moving average is $23.91. SentinelOne has a 52 week low of $14.33 and a 52 week high of $30.76.

SentinelOne (NYSE:S) last announced its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $209.73 million. During the same period last year, the business posted ($0.21) earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insider Buying and Selling at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of SentinelOne stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total value of $1,370,657.28. Following the completion of the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at approximately $21,612,038.64. The trade was a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ric Smith sold 41,170 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $23.98, for a total transaction of $987,256.60. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at approximately $12,744,386.82. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 358,135 shares of company stock valued at $8,757,911. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Waldron Private Wealth LLC purchased a new position in shares of SentinelOne during the third quarter valued at approximately $26,000. Modus Advisors LLC bought a new stake in SentinelOne in the 4th quarter worth approximately $48,000. Capital Performance Advisors LLP purchased a new stake in SentinelOne during the 3rd quarter valued at $55,000. Blue Trust Inc. raised its stake in SentinelOne by 105.9% during the 3rd quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,223 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of SentinelOne by 287.9% during the 3rd quarter. Huntington National Bank now owns 2,378 shares of the company’s stock valued at $57,000 after buying an additional 1,765 shares during the period. 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.