SentinelOne (NYSE:S) Reaches New 1-Year Low – Here’s Why

SentinelOne, Inc. (NYSE:S)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.42 and last traded at $14.4550, with a volume of 5362366 shares changing hands. The stock had previously closed at $15.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on S. JPMorgan Chase & Co. cut their target price on shares of SentinelOne from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $21.00 target price on shares of SentinelOne in a report on Friday, December 12th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 target price on shares of SentinelOne in a research note on Friday, December 5th. Cowen restated a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of SentinelOne in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $22.03.

SentinelOne Trading Down 2.7%

The stock has a market capitalization of $4.97 billion, a P/E ratio of -11.70 and a beta of 0.77. The company has a 50-day moving average price of $15.63 and a 200 day moving average price of $17.05.

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

Insiders Place Their Bets

In other news, insider Ana G. Pinczuk sold 11,900 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $176,358.00. Following the completion of the sale, the insider owned 560,589 shares in the company, valued at approximately $8,307,928.98. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Robin Tomasello sold 8,509 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $124,061.22. Following the transaction, the chief accounting officer directly owned 285,551 shares in the company, valued at $4,163,333.58. This represents a 2.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SentinelOne

A number of institutional investors and hedge funds have recently modified their holdings of S. SG Americas Securities LLC boosted its position in SentinelOne by 830.7% in the fourth quarter. SG Americas Securities LLC now owns 338,042 shares of the company’s stock valued at $5,071,000 after buying an additional 301,719 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of SentinelOne by 267.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,330,384 shares of the company’s stock valued at $19,956,000 after acquiring an additional 968,162 shares during the last quarter. Diversified Trust Co. increased its stake in shares of SentinelOne by 20.5% in the fourth quarter. Diversified Trust Co. now owns 71,412 shares of the company’s stock worth $1,071,000 after acquiring an additional 12,136 shares during the period. 180 Wealth Advisors LLC increased its stake in shares of SentinelOne by 50.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 18,243 shares of the company’s stock worth $274,000 after acquiring an additional 6,108 shares during the period. Finally, Teamwork Financial Advisors LLC raised its holdings in shares of SentinelOne by 17.7% during the fourth quarter. Teamwork Financial Advisors LLC now owns 128,449 shares of the company’s stock worth $1,927,000 after purchasing an additional 19,281 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.