SentinelOne (NYSE:S) Downgraded by UBS Group to Neutral

UBS Group cut shares of SentinelOne (NYSE:S - Free Report) from a buy rating to a neutral rating in a report issued on Wednesday morning, MarketBeat.com reports. UBS Group currently has $25.00 price objective on the stock, down from their previous price objective of $30.00.

Other research analysts have also issued reports about the stock. DA Davidson lifted their price target on shares of SentinelOne from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Piper Sandler upgraded SentinelOne from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $25.00 to $32.00 in a research note on Monday, October 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $32.00 target price on shares of SentinelOne in a report on Thursday, December 5th. Morgan Stanley restated an "equal weight" rating and set a $29.00 price objective on shares of SentinelOne in a research report on Monday, December 2nd. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $34.00 target price on shares of SentinelOne in a research report on Tuesday, December 3rd. Seven 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.48.

SentinelOne Price Performance

NYSE S remained flat at $21.73 during trading hours on Wednesday. 4,222,875 shares of the company's stock were exchanged, compared to its average volume of 3,940,254. The stock has a market capitalization of $6.98 billion, a PE ratio of -23.12 and a beta of 0.74. SentinelOne has a 12-month low of $14.33 and a 12-month high of $30.76. The stock has a 50 day simple moving average of $24.95 and a 200 day simple moving average of $23.92.

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

Insider Buying and Selling

In other SentinelOne news, insider Ric Smith sold 3,135 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.25, for a total transaction of $82,293.75. Following the completion of the sale, the insider now directly owns 582,512 shares in the company, valued at approximately $15,290,940. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tomer Weingarten sold 60,864 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares of the company's stock, valued at $21,612,038.64. This trade represents a 5.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 358,135 shares of company stock worth $8,757,911 in the last three months. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC lifted its holdings in shares of SentinelOne by 33.7% during the 3rd quarter. Sylebra Capital LLC now owns 9,048,954 shares of the company's stock valued at $216,451,000 after buying an additional 2,282,980 shares during the last quarter. Eminence Capital LP lifted its stake in SentinelOne by 24.2% in the second quarter. Eminence Capital LP now owns 6,854,236 shares of the company's stock valued at $144,282,000 after acquiring an additional 1,337,145 shares during the last quarter. State Street Corp grew its position in SentinelOne by 11.3% in the third quarter. State Street Corp now owns 5,072,097 shares of the company's stock worth $121,325,000 after acquiring an additional 516,244 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SentinelOne by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,485,596 shares of the company's stock worth $107,326,000 after purchasing an additional 355,944 shares during the last quarter. Finally, Atreides Management LP raised its holdings in shares of SentinelOne by 137.3% during the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock valued at $90,965,000 after purchasing an additional 2,200,594 shares in the last quarter. Institutional investors and hedge funds 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.