SentinelOne (NYSE:S) Hits New 12-Month Low – Here’s Why

SentinelOne, Inc. (NYSE:S)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $12.32 and last traded at $12.4150, with a volume of 1163225 shares changing hands. The stock had previously closed at $12.97.

Wall Street Analysts Forecast Growth

Several analysts recently commented on S shares. Bank of America reduced their price objective on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Rosenblatt Securities reiterated a “buy” rating and set a $24.00 price target on shares of SentinelOne in a research report on Friday, December 5th. UBS Group downgraded SentinelOne from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of SentinelOne in a research report on Friday, December 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $17.00 price target (down previously from $20.00) on shares of SentinelOne in a research report on Sunday, January 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.53.

SentinelOne Stock Down 4.4%

The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -9.92 and a beta of 0.77. The business has a 50 day moving average of $14.30 and a 200 day moving average of $16.13.

SentinelOne (NYSE:S) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.07 earnings per share 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 during the quarter, compared to the consensus estimate of $256.19 million. During the same period in the previous year, the firm posted ($0.25) EPS. SentinelOne’s revenue was up 22.9% on a year-over-year basis. Research analysts predict that SentinelOne, Inc. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ana G. Pinczuk sold 11,900 shares of the company’s 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 directly owned 560,589 shares in the company, valued at $8,307,928.98. This represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Robin Tomasello sold 8,509 shares of SentinelOne stock in a transaction on Monday, December 8th. The shares were sold at an average price of $14.58, for a total value of $124,061.22. Following the completion of the transaction, the chief accounting officer owned 285,551 shares in the company, valued at $4,163,333.58. The trade was a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 331,694 shares of company stock worth $4,849,673 over the last 90 days. Company insiders own 4.33% of the company’s stock.

Institutional Investors Weigh In On SentinelOne

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in shares of SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock valued at $25,000 after acquiring an additional 726 shares in the last quarter. Strategic Advocates LLC acquired a new position in shares of SentinelOne during the third quarter worth about $26,000. Danske Bank A S purchased a new stake in shares of SentinelOne in the third quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SentinelOne in the second quarter worth about $29,000. Finally, Assetmark Inc. grew its stake in shares of SentinelOne by 700.8% in the fourth quarter. Assetmark Inc. now owns 1,906 shares of the company’s stock valued at $29,000 after buying an additional 1,668 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

SentinelOne Company Profile

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.