Morgan Stanley Issues Pessimistic Forecast for SentinelOne (NYSE:S) Stock Price

SentinelOne (NYSE:S) had its price objective cut by research analysts at Morgan Stanley from $29.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 18.58% from the company’s previous close.

A number of other equities analysts also recently issued reports on S. Westpark Capital reissued a “buy” rating and issued a $34.00 price target on shares of SentinelOne in a research note on Tuesday, December 3rd. Barclays cut their price target on shares of SentinelOne from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Citigroup cut their target price on shares of SentinelOne from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of SentinelOne in a research report on Thursday, December 5th. Finally, Susquehanna lifted their price target on shares of SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SentinelOne presently has an average rating of “Moderate Buy” and an average price target of $29.48.

SentinelOne Trading Down 1.4 %

Shares of NYSE:S opened at $22.77 on Wednesday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -24.22 and a beta of 0.75. The company has a 50-day moving average price of $23.15 and a 200-day moving average price of $24.29. SentinelOne has a 12 month low of $14.33 and a 12 month high of $29.29.

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

Insider Buying and Selling at SentinelOne

In related news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.61, for a total value of $1,938,758.76. Following the completion of the transaction, the chief executive officer now owns 959,682 shares in the company, valued at approximately $22,658,092.02. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ric Smith sold 41,170 shares of SentinelOne 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 of the company’s stock, valued at $12,744,386.82. This represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 357,341 shares of company stock worth $8,423,765 over the last three months. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $97,000. Sylebra Capital LLC lifted its position in shares of SentinelOne by 6.2% during the 4th quarter. Sylebra Capital LLC now owns 9,613,281 shares of the company’s stock worth $213,415,000 after buying an additional 564,327 shares during the last quarter. Castleark Management LLC purchased a new stake in shares of SentinelOne during the 4th quarter worth approximately $6,591,000. Ashford Capital Management Inc. lifted its position in shares of SentinelOne by 16.4% during the 4th quarter. Ashford Capital Management Inc. now owns 766,355 shares of the company’s stock worth $17,013,000 after buying an additional 107,920 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in SentinelOne in the 4th quarter valued at $94,000. 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.