SentinelOne (NYSE:S) Rating Lowered to “Hold” at UBS Group

SentinelOne (NYSE:S) was downgraded by analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

S has been the topic of several other reports. Citigroup reduced their price target on SentinelOne from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday. Cantor Fitzgerald reduced their target price on shares of SentinelOne from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, November 24th. Berenberg Bank started coverage on shares of SentinelOne in a report on Tuesday, November 18th. They set a “buy” rating and a $25.00 price target for the company. Bank of America cut their price objective on shares of SentinelOne from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Finally, Citizens Jmp decreased their price objective on shares of SentinelOne from $29.00 to $23.00 and set a “market outperform” rating for the company in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.03.

SentinelOne Trading Down 2.8%

NYSE:S opened at $14.23 on Tuesday. The firm’s fifty day simple moving average is $15.53 and its 200 day simple moving average is $17.01. SentinelOne has a twelve month low of $14.15 and a twelve month high of $25.24. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of -11.38 and a beta of 0.77.

SentinelOne (NYSE:S) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.07 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 period last year, the company posted ($0.25) earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. On average, analysts predict that SentinelOne will post -0.76 earnings per share for the current year.

Insider Activity

In other news, CFO Barbara A. Larson sold 11,173 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $14.82, for a total transaction of $165,583.86. Following the transaction, the chief financial officer owned 539,372 shares of the company’s stock, valued at approximately $7,993,493.04. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tomer Weingarten sold 125,429 shares of SentinelOne stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.09, for a total value of $1,892,723.61. Following the completion of the transaction, the chief executive officer owned 1,093,108 shares of the company’s stock, valued at $16,494,999.72. This trade represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 361,394 shares of company stock worth $5,558,207 over the last ninety days. Insiders own 4.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Pallas Capital Advisors LLC bought a new stake in shares of SentinelOne in the 4th quarter valued at approximately $410,000. SG Americas Securities LLC lifted its stake in SentinelOne by 830.7% during the fourth quarter. SG Americas Securities LLC now owns 338,042 shares of the company’s stock worth $5,071,000 after purchasing an additional 301,719 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in SentinelOne by 267.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,330,384 shares of the company’s stock worth $19,956,000 after purchasing an additional 968,162 shares during the period. Diversified Trust Co. increased its stake in SentinelOne by 20.5% during the fourth quarter. Diversified Trust Co. now owns 71,412 shares of the company’s stock valued at $1,071,000 after purchasing an additional 12,136 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in SentinelOne by 50.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 18,243 shares of the company’s stock valued at $274,000 after purchasing an additional 6,108 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.

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.