SentinelOne (NYSE:S) Sets New 12-Month Low – Time to Sell?

SentinelOne, Inc. (NYSE:S)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.46 and last traded at $14.4670, with a volume of 7851563 shares changing hands. The stock had previously closed at $14.80.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Westpark Capital restated a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, December 5th. Canaccord Genuity Group decreased their price objective on shares of SentinelOne from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, December 5th. Robert W. Baird upped their target price on shares of SentinelOne from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Jefferies Financial Group increased their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Guggenheim reissued a “buy” rating and issued a $28.00 price objective on shares of SentinelOne in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.43.

SentinelOne Stock Performance

The company’s fifty day moving average price is $16.55 and its 200 day moving average price is $17.43. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -11.57 and a beta of 0.76.

SentinelOne (NYSE:S) last issued its earnings results on Thursday, December 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. The firm had revenue of $258.91 million for the quarter, compared to analysts’ expectations of $256.19 million. During the same quarter last year, the company posted ($0.25) earnings per share. SentinelOne’s revenue was up 22.9% on a year-over-year basis. As a group, sell-side analysts expect that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other SentinelOne news, CEO Tomer Weingarten sold 125,429 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.09, for a total transaction of $1,892,723.61. Following the completion of the transaction, the chief executive officer directly owned 1,093,108 shares of the company’s stock, valued at $16,494,999.72. The trade was a 10.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Barbara A. Larson sold 54,583 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $18.13, for a total transaction of $989,589.79. Following the completion of the transaction, the chief financial officer owned 549,498 shares of the company’s stock, valued at approximately $9,962,398.74. This trade represents a 9.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 392,904 shares of company stock worth $6,374,392. Company insiders own 4.33% of the company’s stock.

Hedge Funds Weigh In On SentinelOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in SentinelOne by 37.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,104,931 shares of the company’s stock valued at $56,758,000 after acquiring an additional 853,508 shares in the last quarter. Teamwork Financial Advisors LLC acquired a new position in shares of SentinelOne during the second quarter valued at $1,332,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of SentinelOne by 40.1% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 294,681 shares of the company’s stock valued at $5,387,000 after purchasing an additional 84,308 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in SentinelOne in the second quarter worth about $4,771,000. Finally, Strs Ohio acquired a new stake in SentinelOne in the first quarter worth about $9,227,000. 90.87% of the stock is 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.