Zacks Investment Research Downgrades SentinelOne (NYSE:S) to Sell

SentinelOne (NYSE:SGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, May 25th, Zacks.com reports.

According to Zacks, “SentinelOne Inc. provides an autonomous cybersecurity platform. It offer cybersecurity solutions encompass AI-powered prevention, detection, response and hunting across endpoints, containers, cloud workloads and IoT devices in a single autonomous XDR platform. SentinelOne Inc. is based in MOUNTAIN VIEW, Calif. “

S has been the topic of several other reports. Needham & Company LLC dropped their price objective on SentinelOne from $82.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. UBS Group lowered their price target on SentinelOne from $75.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, March 16th. Bank of America lowered their price target on SentinelOne from $67.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, March 16th. Jefferies Financial Group lowered their price target on SentinelOne from $40.00 to $25.00 in a research note on Monday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on SentinelOne from $63.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $43.88.

S stock traded up $0.41 during trading on Wednesday, reaching $24.20. 28,006 shares of the company traded hands, compared to its average volume of 3,625,167. SentinelOne has a 12 month low of $18.64 and a 12 month high of $78.53. The company’s 50 day moving average price is $31.72.

SentinelOne (NYSE:SGet Rating) last released its quarterly earnings results on Tuesday, March 15th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.01. SentinelOne had a negative return on equity of 22.36% and a negative net margin of 132.37%. The company had revenue of $65.60 million during the quarter, compared to analysts’ expectations of $60.69 million. During the same period last year, the business posted ($1.00) earnings per share. The firm’s revenue was up 119.4% compared to the same quarter last year. On average, sell-side analysts predict that SentinelOne will post -1.15 EPS for the current fiscal year.

In related news, CEO Tomer Weingarten sold 10,131 shares of the firm’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $28.61, for a total value of $289,847.91. Following the transaction, the chief executive officer now directly owns 309,163 shares of the company’s stock, valued at approximately $8,845,153.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David J. Bernhardt sold 3,850 shares of the stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $40.33, for a total transaction of $155,270.50. The disclosure for this sale can be found here. Insiders have sold 1,576,545 shares of company stock worth $55,009,239 over the last quarter. 7.48% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. L.M. Kohn & Company bought a new position in SentinelOne in the first quarter valued at about $345,000. Toroso Investments LLC bought a new position in shares of SentinelOne during the 1st quarter worth $230,000. Capital Research Global Investors boosted its stake in SentinelOne by 57.6% in the 1st quarter. Capital Research Global Investors now owns 6,378,098 shares of the company’s stock worth $247,088,000 after purchasing an additional 2,331,873 shares during the period. Capital International Investors boosted its position in shares of SentinelOne by 24.8% during the 1st quarter. Capital International Investors now owns 2,529,401 shares of the company’s stock valued at $97,989,000 after acquiring an additional 502,277 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC raised its holdings in shares of SentinelOne by 67.3% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 83,262 shares of the company’s stock valued at $3,226,000 after buying an additional 33,506 shares in the last quarter. Institutional investors and hedge funds own 69.51% of the company’s stock.

About SentinelOne (Get Rating)

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.

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