SentinelOne (NYSE:S) Cut to Sector Perform at FBN Securities

FBN Securities downgraded shares of SentinelOne (NYSE:S) from an outperform rating to a sector perform rating in a research note published on Tuesday, MarketBeat.com reports. The brokerage currently has $24.00 price target on the stock.

Other equities analysts have also issued reports about the company. UBS Group raised their price target on SentinelOne from $16.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Canaccord Genuity Group boosted their price objective on SentinelOne from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of SentinelOne in a research note on Friday, August 28th. Morgan Stanley increased their price objective on SentinelOne from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 28th. Finally, Jefferies Financial Group set a $26.00 target price on shares of SentinelOne in a report on Friday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.75.

SentinelOne Stock Up 0.3%

Shares of NYSE:S opened at $25.38 on Tuesday. The stock has a market cap of $8.83 billion, a PE ratio of -25.13 and a beta of 0.70. The company’s fifty day moving average is $22.12 and its 200 day moving average is $18.13. SentinelOne has a 52 week low of $11.81 and a 52 week high of $26.33.

SentinelOne (NYSE:S) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. SentinelOne had a negative net margin of 30.95% and a negative return on equity of 15.73%. The business had revenue of $291.98 million during the quarter, compared to analyst estimates of $290.24 million. During the same period in the prior year, the business posted ($0.22) earnings per share. The company’s revenue was up 20.6% on a year-over-year basis. SentinelOne has set its FY 2027 guidance at 0.300-0.320 EPS and its Q3 2027 guidance at 0.080-0.090 EPS. Sell-side analysts anticipate that SentinelOne will post -0.46 EPS for the current year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 527,368 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $25.26, for a total value of $13,321,315.68. Following the completion of the transaction, the chief executive officer owned 1,717,510 shares in the company, valued at approximately $43,384,302.60. This represents a 23.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keenan Conder sold 8,312 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.79, for a total value of $164,494.48. Following the transaction, the insider directly owned 948,046 shares of the company’s stock, valued at $18,761,830.34. This represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 915,183 shares of company stock valued at $21,151,124 over the last 90 days. 4.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in SentinelOne by 40.9% during the third quarter. GAMMA Investing LLC now owns 5,191 shares of the company’s stock worth $123,000 after acquiring an additional 1,506 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in SentinelOne by 15.7% in the third quarter. Farther Finance Advisors LLC now owns 18,533 shares of the company’s stock worth $440,000 after purchasing an additional 2,511 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of SentinelOne during the third quarter valued at approximately $225,000. Engineers Gate Manager LP increased its stake in shares of SentinelOne by 431.2% during the second quarter. Engineers Gate Manager LP now owns 331,082 shares of the company’s stock valued at $5,618,000 after purchasing an additional 268,751 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of SentinelOne by 44.8% during the second quarter. Integrated Wealth Concepts LLC now owns 76,183 shares of the company’s stock valued at $1,293,000 after purchasing an additional 23,561 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

About SentinelOne

SentinelOne, Inc (NYSE:S) is a cybersecurity company that develops artificial intelligence-powered software to help organizations prevent, detect, investigate and respond to cyber threats. Its Singularity Platform is designed to protect enterprise endpoints, cloud workloads, identities and other connected assets across an organization’s technology environment.

The company’s offerings include endpoint protection and detection and response, cloud security, identity security, security operations tools and data management capabilities.