SentinelOne (NYSE:S) Price Target Lowered to $27.00 at Morgan Stanley

SentinelOne (NYSE:S) had its price objective cut by Morgan Stanley from $29.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 10.86% from the company’s current price.

S has been the subject of a number of other research reports. Barclays dropped their price objective on SentinelOne from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Scotiabank increased their price objective on SentinelOne from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Guggenheim reissued a “buy” rating and set a $31.00 price objective on shares of SentinelOne in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised SentinelOne from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $32.00 in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein dropped their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne has a consensus rating of “Moderate Buy” and an average target price of $29.48.

SentinelOne Price Performance

Shares of S opened at $24.36 on Wednesday. The firm has a market cap of $7.83 billion, a P/E ratio of -25.91 and a beta of 0.75. The stock has a 50 day simple moving average of $23.19 and a two-hundred day simple moving average of $24.31. SentinelOne has a 1 year low of $14.33 and a 1 year high of $29.49.

SentinelOne (NYSE:S) last issued its earnings results on Wednesday, December 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.22). The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $209.73 million. SentinelOne had a negative return on equity of 15.80% and a negative net margin of 37.61%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS. On average, equities analysts anticipate that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity

In other news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.61, for a total transaction of $1,938,758.76. Following the transaction, the chief executive officer now directly owns 959,682 shares of the company’s stock, valued at $22,658,092.02. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the transaction, the insider now directly owns 531,459 shares in the company, valued at approximately $12,744,386.82. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 357,341 shares of company stock valued at $8,423,765 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of SentinelOne

Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Bleakley Financial Group LLC bought a new stake in SentinelOne during the 3rd quarter valued at approximately $204,000. 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 purchasing an additional 1,223 shares during the period. Raymond James & Associates raised its stake in SentinelOne by 3.4% during the 3rd quarter. Raymond James & Associates now owns 318,798 shares of the company’s stock valued at $7,626,000 after purchasing an additional 10,572 shares during the period. Waldron Private Wealth LLC bought a new stake in SentinelOne during the 3rd quarter valued at approximately $26,000. Finally, Private Advisor Group LLC increased its stake in SentinelOne by 13.5% in the 3rd quarter. Private Advisor Group LLC now owns 17,598 shares of the company’s stock worth $421,000 after acquiring an additional 2,093 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

About SentinelOne

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.