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

SentinelOne, Inc. (NYSE:S)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.68 and last traded at $13.7350, with a volume of 894001 shares trading hands. The stock had previously closed at $13.90.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on S. JPMorgan Chase & Co. reduced their target price on SentinelOne from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Cantor Fitzgerald dropped their price objective on SentinelOne from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, November 24th. TD Cowen reduced their price objective on SentinelOne from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Bank of America lowered their target price on SentinelOne from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Finally, Wedbush dropped their target price on shares of SentinelOne from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.03.

SentinelOne Stock Down 2.1%

The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -10.90 and a beta of 0.77. The stock has a 50 day moving average price of $15.36 and a 200 day moving average price of $16.91.

SentinelOne (NYSE:S) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $256.19 million. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. Sell-side analysts forecast that SentinelOne, Inc. will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Barbara A. Larson sold 11,173 shares of the firm’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 $165,583.86. Following the completion of the transaction, the chief financial officer directly owned 539,372 shares of the company’s stock, valued at $7,993,493.04. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ana G. Pinczuk sold 11,900 shares of SentinelOne stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $14.82, for a total value of $176,358.00. Following the transaction, the insider directly owned 560,589 shares in the company, valued at $8,307,928.98. The trade was a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 361,394 shares of company stock valued at $5,558,207. 4.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SentinelOne

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in SentinelOne by 102.4% during the 3rd quarter. Allworth Financial LP now owns 1,435 shares of the company’s stock worth $25,000 after purchasing an additional 726 shares during the last quarter. Strategic Advocates LLC bought a new position in SentinelOne during the third quarter worth $26,000. Danske Bank A S acquired a new position in SentinelOne in the third quarter valued at $26,000. Atlantic Union Bankshares Corp bought a new stake in SentinelOne during the second quarter valued at $29,000. Finally, MAI Capital Management boosted its position in SentinelOne by 121.2% during the third quarter. MAI Capital Management now owns 1,825 shares of the company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. 90.87% of the stock is currently owned by 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.