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

SentinelOne (NYSE:S - Get Free Report) had its target price reduced by Morgan Stanley from $29.00 to $27.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 21.92% from the company's current price.

Several other equities research analysts also recently issued reports on S. UBS Group downgraded SentinelOne from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $30.00 to $25.00 in a report on Wednesday, January 15th. Susquehanna increased their price target on SentinelOne from $28.00 to $30.00 and gave the stock a "positive" rating in a report on Thursday, December 5th. Westpark Capital restated a "buy" rating and issued a $34.00 price target on shares of SentinelOne in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded SentinelOne from a "hold" rating to a "buy" rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Tuesday, November 12th. Finally, Robert W. Baird increased their price objective on SentinelOne from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.48.

SentinelOne Stock Down 2.8 %

NYSE S traded down $0.64 on Wednesday, reaching $22.15. The company had a trading volume of 3,749,307 shares, compared to its average volume of 3,823,180. The stock's 50 day moving average is $23.15 and its 200-day moving average is $24.29. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -23.56 and a beta of 0.75. SentinelOne has a 52 week low of $14.33 and a 52 week high of $29.29.

SentinelOne (NYSE:S - Get Free Report) last released its quarterly earnings data 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 net margin of 37.61% and a negative return on equity of 15.80%. The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $209.73 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The company's revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, analysts forecast that SentinelOne will post -0.76 EPS for the current year.

Insider Activity at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 82,116 shares of SentinelOne stock in a transaction on Wednesday, December 11th. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 41,170 shares of SentinelOne stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $23.98, for a total value of $987,256.60. Following the completion of the transaction, the insider now directly owns 531,459 shares of the company's stock, valued at $12,744,386.82. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 357,341 shares of company stock worth $8,423,765 in the last ninety days. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC acquired a new position in shares of SentinelOne during the 3rd quarter worth $26,000. Smartleaf Asset Management LLC raised its holdings in shares of SentinelOne by 86.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company's stock worth $27,000 after buying an additional 556 shares in the last quarter. Avion Wealth acquired a new position in shares of SentinelOne during the 4th quarter worth $28,000. Crewe Advisors LLC acquired a new position in shares of SentinelOne during the 4th quarter worth $33,000. Finally, Arlington Trust Co LLC acquired a new position in shares of SentinelOne during the 4th quarter worth $33,000. 90.87% of the stock is owned by institutional investors and hedge funds.

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.