SentinelOne (NYSE:S) Sets New 1-Year Low – What’s Next?

Shares of SentinelOne, Inc. (NYSE:S) hit a new 52-week low during trading on Tuesday . The company traded as low as $13.27 and last traded at $13.2550, with a volume of 4633853 shares traded. The stock had previously closed at $14.39.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on S. Citizens Jmp cut their price target on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a report on Friday, December 5th. Wedbush decreased their price target on SentinelOne from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Guggenheim reissued a “buy” rating and set a $28.00 price objective on shares of SentinelOne in a research report on Friday, December 5th. Canaccord Genuity Group dropped their target price 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $24.00 price target on shares of SentinelOne in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.72.

SentinelOne Stock Performance

The company has a market cap of $4.46 billion, a price-to-earnings ratio of -10.51 and a beta of 0.77. The business has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $16.65.

SentinelOne (NYSE:S) last issued its quarterly 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 company had revenue of $258.91 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Research analysts anticipate that SentinelOne, Inc. will post -0.76 EPS for the current year.

Insider Buying and Selling

In related news, CFO Barbara A. Larson sold 11,173 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total transaction of $165,583.86. Following the completion of the sale, the chief financial officer owned 539,372 shares in the company, valued at $7,993,493.04. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Peek purchased 40,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $14.89 per share, for a total transaction of $595,600.00. Following the completion of the purchase, the director directly owned 120,000 shares of the company’s stock, valued at $1,786,800. The trade was a 50.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 361,394 shares of company stock valued at $5,558,207 over the last 90 days. 4.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SentinelOne

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in SentinelOne by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,532,555 shares of the company’s stock valued at $547,988,000 after purchasing an additional 520,142 shares during the last quarter. First Trust Advisors LP increased its stake in SentinelOne by 20.0% in the second quarter. First Trust Advisors LP now owns 9,555,943 shares of the company’s stock valued at $174,683,000 after purchasing an additional 1,589,845 shares during the period. Legal & General Group Plc raised its holdings in shares of SentinelOne by 16.0% in the third quarter. Legal & General Group Plc now owns 8,205,864 shares of the company’s stock valued at $144,505,000 after buying an additional 1,132,121 shares during the last quarter. Caprock Group LLC boosted its stake in shares of SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock worth $116,242,000 after buying an additional 7,423,177 shares during the period. Finally, Eminence Capital LP grew its holdings in shares of SentinelOne by 24.9% during the second quarter. Eminence Capital LP now owns 7,068,308 shares of the company’s stock worth $129,209,000 after buying an additional 1,407,764 shares during the last quarter. 90.87% of the stock is owned by institutional investors and hedge funds.

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.