SentinelOne (NYSE:S) Shares Gap Down - Time to Sell?

SentinelOne, Inc. (NYSE:S - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $27.36, but opened at $26.56. SentinelOne shares last traded at $26.57, with a volume of 419,014 shares.

Analysts Set New Price Targets

S has been the subject of a number of research reports. Citigroup raised their price target on shares of SentinelOne from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, August 28th. Susquehanna boosted their target price on SentinelOne from $22.00 to $28.00 and gave the company a "positive" rating in a research report on Thursday, September 5th. Morgan Stanley increased their price target on SentinelOne from $27.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Westpark Capital restated a "buy" rating and set a $34.00 price objective on shares of SentinelOne in a report on Monday, August 26th. Finally, DA Davidson upped their target price on SentinelOne from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SentinelOne presently has an average rating of "Moderate Buy" and an average price target of $28.73.

SentinelOne Stock Down 4.6 %

The company has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $22.54. The stock has a market capitalization of $8.28 billion, a P/E ratio of -28.08 and a beta of 0.65.

SentinelOne (NYSE:S - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $198.94 million during the quarter, compared to analysts' expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The firm's revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. On average, sell-side analysts expect that SentinelOne, Inc. will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other SentinelOne news, CAO Robin Tomasello sold 5,022 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $22.80, for a total value of $114,501.60. Following the sale, the chief accounting officer now owns 193,542 shares in the company, valued at approximately $4,412,757.60. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David J. Bernhardt sold 11,222 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.40, for a total value of $240,150.80. Following the completion of the sale, the chief financial officer now directly owns 477,781 shares in the company, valued at $10,224,513.40. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,125 shares of company stock worth $10,367,734. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently bought and sold shares of S. Champlain Investment Partners LLC purchased a new stake in SentinelOne during the third quarter valued at $80,604,000. Sylebra Capital LLC increased its position 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 purchasing an additional 2,282,980 shares during the last quarter. Atreides Management LP lifted its stake in shares of SentinelOne by 137.3% in the 3rd quarter. Atreides Management LP now owns 3,802,904 shares of the company's stock worth $90,965,000 after purchasing an additional 2,200,594 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of SentinelOne in the second quarter worth approximately $36,237,000. Finally, Vanguard Group Inc. grew its position in SentinelOne by 7.2% during the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company's stock valued at $586,456,000 after buying an additional 1,694,407 shares during the period. 90.87% of the stock is currently owned by institutional investors.

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.